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FTX founder Sam Bankman-Fried has been given some free recommendation on surviving federal jail by former white collar legal Martin Shkreli, also called “Pharma Bro.”
Shkreli, who spent round 4 years behind bars for securities fraud between 2018 and 2022, mentioned the currently-on-bail former FTX government ought to think about shaving his head, deepening his voice and ability himself up on gang tradition and rap music.
The previous jail inmate was talking on a Dec. 23 episode of the crypto podcast Unchained, the place he prompt that SBF wanted to rebrand himself for jail, as being a wealthy white child from neighborhood doesn’t “sound nice.”
— Liron Shapira (@liron) December 25, 2022
“Sam isn’t precisely gonna be any individual that matches into jail” Shkreli mentioned, including that his sort of “sensibility doesn’t go over properly” there, as it is a “very testosterone stuffed, masculine place.”
Alongside “shaving his head,” and “deepening his voice,” Shkreli outlined that SBF must make associates quick and embed himself within the tradition of the jail system. For instance, Pharma Bro mentioned SBF ought to “ now not say he’s from Standford [University].”
“He additionally doesn’t know something in regards to the streets and legal tradition, my recommendation is to select these issues up as rapidly as he can, he must be listening to as a lot rap music as attainable, he must be attempting every part there may be to learn about gangs.”
“This sounds humorous, however this might save your life,” Shkreli added.
In the meantime, one other former convicted felon, Sam Antar, the previous CFO of the famously corrupt Eighties firm Crazie Eddie, gave Bankman-Fried another piece of recommendation: “JUMP BAIL AND RUN […] They’ll solely dangle you as soon as.”
Memo to Sam Bankman-Fried @SBF_FTX: I’ve only one piece of recommendation for you.
JUMP BAIL AND RUN!
Higher to lose $250 million to achieve your freedom than spend twenty years or extra in jail. I’ll provide the identical recommendation my legal lawyer gave me, “They’ll solely dangle you as soon as.” https://t.co/FtOES1oaUW
— Sam E. Antar (@SamAntar) December 23, 2022
Shkreli seems to have developed a knack for giving crypto dangerous boys unsolicited recommendation about jail. Throughout an showing on the The UpOnlyTV podcast final month, Shkreli was a visitor alongside Terra/LUNA founder Do Kwon, and informed him:
“I simply need to let you recognize jail’s not that dangerous, it’s not the worst factor ever, so don’t fret. I hope it doesn’t occur. But when it does occur, it’s not that dangerous.”
“Good to know,” Kwon replied, quite awkwardly.
In an replace on the unfolding SBF drama, the New York Put up reported on Dec. 26 that staff have been noticed on Monday putting in safety cameras exterior his mother and father home in Palo Alto, the place the FTX founder is staying whereas on home arrest.
Because it stands, SBF is required to put on an ankle monitor, and might solely depart his home for train and remedy for psychological well being and substance abuse. He additionally has stringent limits on what funds he could make.
He’s set to face the courts once more in early January.