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Unchained

Martin Shkreli Explains Why Sam Bankman-Fried Got Lucky With His Judge - Ep. 435

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 23 December 2022

⏱️ 82 minutes

🧾️ Download transcript

Summary

Martin Shkreli, entrepreneur and investor, talks about what Sam Bankman-Fried’s potential life in prison could look like. As a former white-collar criminal, Martin had a lot to say about prison culture, how judge selection affects sentencing, and more. Show highlights: why Martin says that the prosecution part of the case is the most difficult to endure why he thought Sam had "no chance at bail" (although shortly after we recorded, news broke that Sam had been released on what is believed to be the largest bail bond ever – $250 million) whether SBF should plead guilty and hope to be favored by his cooperation what jails in New York are like and how the other inmates might treat SBF  whether SBF will be in danger if he goes to prison and Martin's suggestions for him if he wants to survive why the FTX's case is so unprecedented, especially considering the current sentencing guidelines Martin's take on Ronnie Abrams, the judge in charge of the case, and why her selection will be good for SBF whether Caroline Ellison made a mistake by pleading guilty to so many counts why Gary Wang would likely face a tough time in prison for ratting out SBF Thank you to our sponsors! Crypto.com Guest Martin: Socials Videos on SBF: Which Gang Will Sam Bankman Join In Prison? | Martin Shkreli Gives Prison Advice to FTX CEO My Boy Sam Bankman Is Facing Life in Jail for Sure | Martin Shkreli Predicts the FTX Court Hearing Episode Links CNBC: FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents Unchained: Caroline Ellison and Gary Wang Plead Guilty and Are Cooperating in FTX Investigation SBF Signs Extradition Papers After 8 Nights in Bahamas Jail With AC and Cable TV CFTC and SEC File Damning Complaints Against Sam Bankman-Fried and FTX Former FTX CEO Sam Bankman-Fried Arrested Amid US Indictment Bloomberg:  FTX Bankruptcy Standoff Heats Up as Bahamas Challenges US Case Sam Bankman-Fried’s Harsh Bahamas Jail Could Shift His Stance on Extradition Fortune: Sam Bankman-Fried indicted on multiple conspiracy and fraud charges by U.S. officials Previous coverage of Unchained on Sam Bankman-Fried and FTX: The Chopping Block: Was FTX a Scam From the Very Beginning?  How Much Prison Time Is FTX’s Sam Bankman-Fried Facing?  Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater  Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey, everyone, just a quick note before we begin.

0:02.7

First, while we typically release shorter interviews on Fridays,

0:06.4

this one with Martin Schwelley was so fascinating it ended up being an hour.

0:10.7

Second, it's only after he and I wrapped that we learned that Sam Pinkman-Freed

0:15.2

had been released on bail, which is why we don't discuss that news in the episode.

0:19.9

Otherwise, enjoy this illuminating interview with Martin Schwelley.

0:24.1

Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto.

0:32.6

I'm your host, Laura Shin, author of The Crypto Beans.

0:36.3

I started covering crypto seven years ago and as a senior editor at Forbes

0:40.0

was the first mainstream media reporter to cover cryptocurrency full-time.

0:43.8

This is the December 23, 2022 episode of Unchained.

0:48.1

SPF, Doe Kwan, Gensor, or someone else?

0:51.1

Who was the biggest villain in crypto in 2022?

0:54.1

Watch the Unchained recap and weigh in on Twitter or YouTube?

0:57.9

With the Crypto.com app, you can buy, earn, and spend crypto in one place.

1:02.4

Download and get $25 with the code, Laura, link in the description.

1:14.9

Can they pull it out the bag?

1:16.7

Does the ref have a clue?

1:18.7

When you're shouting at the screen, blow your whistle!

1:23.9

There's no feeling like live TV.

1:27.5

However you watch, a TV license is your must-have pass to over 400 live TV channels

1:33.0

and it also funds the BBC, such TV license.

...

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