What’s the criminal mind of multi-billion-dollar fraudster, Sam Bankman-Fried?

He’s the now former owner and CEO of FTX, which shook the crypto world to its core when FTX filed for bankruptcy. You may have seen FTX promoted by some of the most famous people in the world, in super bowl commercials, their logo in major league baseball, and even paid for naming rights of the Miami Heat’s basketball arena. Sam was the golden child of crypto and was called the next Warren Buffet, but that bubble burst when he secretly used customer funds as his personal trading piggybank creating a $10 billion hole in the FTX’s balance sheet. Apparently, he and his ex-girlfriend Caroline Ellison weren’t as good of traders as they thought.

Sam claims he doesn’t spend money on much of anything, boasting that he drives a Toyota Corolla and claims to live in a cramped apartment.

Sounds like Sam is living in a normal little apartment with friends. However, he actually lives in an exclusive condo penthouse worth $40 million with his friends who oddly all “date” each other.

Sam is very introverted and nerdy, but openly talks about getting rich as his top priority. According to Sam, he wants to get rich to give it all away to make the world a better place. He calls it effective altruism.

Why do you think Sam Bankman-Fried will or will not go to prison?

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