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Sam Bankman-Fried thought of providing Donald Trump $5 billion to cease him working for the US presidency once more, Michael Lewis stated.
Lewis, the writer of books together with “The Massive Quick,” informed CBS Information that Bankman-Fried noticed Trump’s potential candidacy as a major risk to American democracy.
Lewis revealed the knowledge in a large ranging interview with CBS in reference to the Oct. 3 launch of his new e book on Bankman-Fried, ”Going Infinite: The Rise and Fall of a New Tycoon.”
“Sam’s considering, ‘We may pay Donald Trump to not run for president. Like, how a lot would it not take?’” Lewis stated. “So he did get a solution. He was floated– there was a quantity that was kicking round. And the quantity that was kicking round once I was speaking to Sam about this was $5 billion, Sam was unsure that quantity got here immediately from Trump.”
Michael Lewis stories that Sam Bankman-Fried thought of paying Donald Trump to not run for president. He even acquired a quantity: $5 billion, however by no means discovered if it was a severe determine that got here from Trump himself. https://t.co/WtGO1TPP4A pic.twitter.com/WeKCNByiTk
— 60 Minutes (@60Minutes) October 1, 2023
Bankman-Fried was involved about whether or not such a suggestion would break the regulation, Lewis stated. “The query Sam had was not simply, “Is $5 billion sufficient to pay Trump to not run?” however “Was it authorized?’” he stated.
The Unfulfilled Plan of Bankman-Fried
The plan by no means got here to fruition as a result of Bankman-Fried’s FTX empire immediately imploded, leaving the crypto change and its associates bankrupt. FTX’s collapse marked a chaotic finish to the corporate’s operations, with workers hurriedly exiting and leaving their belongings behind.
Former President Donald Trump’s workplace didn’t reply to inquiries concerning the revelation, CBS Information reported.
Lewis’ e book supplies a radical examination of Bankman-Fried’s life and his adventurous journey, providing insights into his daring aspirations and the obstacles encountered throughout his time as the previous CEO of FTX.
Political Donations and Authorized Challenges
Earlier than the downfall of FTX, Bankman-Fried was a notable political donor, contributing hundreds of thousands of {dollars} to candidates from each the Democratic and Republican events. His donations drew the eye of federal prosecutors, who reportedly investigated his monetary contributions to political figures.
The extremely anticipated trial of SBF is set to start on October 3 with the collection of the jury, adopted by the official trial proceedings on October 4.
Throughout the trial, there might be seven instances of alleged fraud in opposition to SBF, consisting of two severe prices the place the prosecution should reveal Bankman-Fried’s direct involvement, in addition to 5 conspiracy prices.
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