Sam Bankman-Fried would readily choose a Brooklyn jail cell with internet access over a $39 million Bahamas penthouse that doesn’t have Wi-Fi, author of FTX book says
SBF could survive jail forever with internet access, author says Business Insider
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Sam Bankman-Fried More Scared of Losing Internet Access Than Jail, Says Michael Lewis
Erika P. Rodriguez/Chicago Tribune/Tribune News Service via Getty Images;Nastasic via Getty Images
Summary:
- For Sam Bankman-Fried, losing internet access is more frightening than jail, says Michael Lewis.
- Lewis told “60 Minutes” he thinks Bankman-Fried “could survive jail forever” if he had internet access.
- “The Big Short” author is set to publish a book on the rise and fall of FTX on Tuesday.
Details:
Disgraced FTX founder Sam Bankman-Fried is more afraid of losing access to the internet than getting locked up, according to the author of an upcoming book on FTX.
Michael Lewis shared his views on Bankman-Fried during an interview on “60 Minutes,” which aired on Sunday. Lewis’s book on the rise and fall of the now-bankrupt cryptocurrency exchange, “Going Infinite,” is set to be published on Tuesday.
Lewis told “60 Minutes” that Bankman-Fried’s greatest fear about going to prison would be losing his internet access.
“Now that sounds crazy, but I do think that if he had the internet, he could survive jail forever. Without having a constant stream of information to react to — I think he may go mad,” said Lewis, who has penned books on finance such as “The Big Short” and “Flash Boys.”
“If you gave Sam Bankman-Fried a choice, this is quite serious, of living in a $39 million penthouse in the Bahamas without the internet, or the Metropolitan Detention Center in Brooklyn with the internet, there’s no question in my mind he’d take the jail,” Lewis added.
A representative for Bankman-Fried declined to comment on Lewis’ remarks.
Lewis enjoyed intimate access to Bankman-Fried when writing his book, and followed him around for months. Lewis ended up speaking to Bankman-Fried more than a hundred times over two years, per “60 Minutes.”
Bankman-Fried was charged in December 2022 with illegally funneling millions of dollars from FTX customer funds into his trading firm, Alameda.
The embattled crypto entrepreneur is scheduled to go on trial on Tuesday, where he will face seven criminal charges ranging from securities fraud to money laundering.
Bankman-Fried has pleaded not guilty to these charges. He could face over 100 years in prison if convicted of all the charges.
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 16: Peace, Justice, and Strong Institutions
- SDG 9: Industry, Innovation, and Infrastructure
The article discusses the fear of losing internet access for Sam Bankman-Fried, the founder of FTX, who is facing criminal charges. This connects to SDG 16, which aims to promote peaceful and inclusive societies for sustainable development, provide access to justice for all, and build effective, accountable, and inclusive institutions at all levels. It also connects to SDG 9, which aims to build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 16.3: Promote the rule of law at the national and international levels and ensure equal access to justice for all.
- SDG 9.C: Significantly increase access to information and communications technology and strive to provide universal and affordable access to the internet in least developed countries by 2020.
The article highlights the importance of internet access for Sam Bankman-Fried, indicating the need for equal access to justice and the rule of law (SDG 16.3). It also emphasizes the significance of internet access as a tool for communication and information (SDG 9.C).
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Indicator 16.3.1: Proportion of victims of violence in the previous 12 months who reported their victimization to competent authorities or other officially recognized mechanisms.
- Indicator 9.C.1: Proportion of the population covered by a mobile network, by technology.
The article does not explicitly mention any indicators related to the identified targets. However, Indicator 16.3.1 can be used to measure progress towards equal access to justice, as it reflects the proportion of victims who report their victimization. Indicator 9.C.1 can be used to measure progress towards universal and affordable access to the internet, as it reflects the proportion of the population covered by a mobile network.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 16: Peace, Justice, and Strong Institutions | Promote the rule of law at the national and international levels and ensure equal access to justice for all. | Indicator 16.3.1: Proportion of victims of violence in the previous 12 months who reported their victimization to competent authorities or other officially recognized mechanisms. |
| SDG 9: Industry, Innovation, and Infrastructure | Significantly increase access to information and communications technology and strive to provide universal and affordable access to the internet in least developed countries by 2020. | Indicator 9.C.1: Proportion of the population covered by a mobile network, by technology. |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: businessinsider.com
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