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Against the Rules with Michael Lewis
On Background: Preparing for Sam Bankman-Fried's Trial
Sep 12, 2023
Former CEO of now-bankrupt crypto firm FTX, Sam Bankman-Fried, charged with fraud and conspiracy. Michael Lewis speaks with former prosecutor, now defense attorney, Rebecca Mermelstein about the case against Bankman-Fried. They discuss prosecutors' strategy, potential sentence, and defense team's preparations for trial.
30:29
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Quick takeaways
- The defense team may advise Sam Bankman-Fried against testifying at trial due to the risks of presenting an alternative narrative that may not hold up against the government's case.
- Considering a plea deal may be the most strategic option for Sam Bankman-Fried, as a potential conviction could result in a lengthy sentence and a plea agreement may offer a chance for a future outside of prison.
Deep dives
Summary of Podcast Episode: Going Infinite: The Rise and Fall of a New Tycoon
Michael Lewis introduces his upcoming book, Going Infinite: The Rise and Fall of a New Tycoon, which delves into the story of Sam Bankman-Freed and his crypto exchange FTX. Lewis shares some details about the book's title, release date, and the intriguing jacket copy. The book aims to uncover who Bankman-Freed is, what drove him, and the implications of his rise and fall for society at large.
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