4.8 • 626 Ratings
🗓️ 5 October 2023
⏱️ 56 minutes
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0:00.0 | he could go to jail for the rest of his life or the rest of his natural life. |
0:03.8 | And jail is not a good place for people either, health-wise or whatever, |
0:07.0 | and obviously very violent places. |
0:08.3 | Like, this is for everything. Hello and welcome to Tech Won't Save Us. I'm your host, Paris Marks, and this week my guest is returning friend of the show, Jacob Silverman. |
0:33.3 | Jacob is a journalist and the co-author of Easy Money, cryptocurrency, casino capitalism, and the Golden Age of Fraud. |
0:39.7 | He's also the host of The Naked Emperor on CBC Podcasts. |
0:43.6 | By now, I'm sure you've heard of Sam Bankman-Fried. |
0:45.9 | The disgraced founder of FTX, which collapsed about a year ago, is finally starting his trial this week. |
0:52.9 | Or, of course, by the time you hear this, it will have started. |
0:55.7 | And so I thought that this was a good opportunity to check in on what Sam Bankman-Fried has been up to, |
1:01.2 | get a little refresher on the case of FTX and its collapse and everything that happened after, |
1:06.1 | and also talk to Jacob, because he has been following this so so closely about what we might be likely to see |
1:12.2 | in this trial, you know, what the government is going to be arguing as it tries to prove that |
1:17.8 | Sam Bankman-Fried is guilty of fraud and the various charges that, you know, he has been |
1:22.7 | charged with. And, you know, how much of a chance he really has to stay out of prison at the end of the day. |
1:29.7 | And, you know, that doesn't look too good, especially when, you know, we have the precedent now |
1:34.2 | of someone like Elizabeth Holmes going to prison, you know, not just getting charged and found |
1:39.5 | guilty, but, you know, she recently, quite recently, actually, finally reported to prison and has begun her sentence. |
1:48.1 | And, you know, now that we have these Silicon Valley founders being found guilty, you know, being held to account for what they did, |
1:56.4 | it looks like Sam Bankman-Fried could be joining this group and finding himself behind bars as well |
2:02.4 | for what he did at FTX, which would be a big turn from, you know, the narrative that we had |
2:08.8 | about him just a little over a year ago about being this like young guy who was revolutionizing |
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