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

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

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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

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