SBF housed with ex-Honduras president in jail, is trading mackerel and giving crypto tips

The Wall Street Journal published an update connected the situation surviving conditions of Sam Bankman-Fried, FTX’s co-founder and ex-CEO, connected Nov. 23.

The paper said that Bankman-Fried has been placed successful a dormitory with Juan Orlando Hernández, a erstwhile Honduran president who is awaiting proceedings implicit acceptance of bribes from cause traffickers. Both look to beryllium connected bully terms: Hernández’s lawyer said that the 2 inmates person held “cordial conversations.”

Also successful the aforesaid portion is Genaro García Luna, a erstwhile caput of constabulary successful Mexico who was precocious convicted of helping cartels smuggle cocaine into the U.S.

The Wall Street Journal added that Bankman-Fried’s difficulties successful accessing vegetarian meals and ADHD medicine successful situation person been resolved.

It noted that Bankman-Fried is allowed to spot non-attorney vistors erstwhile a week. He has besides been granted entree to a peculiar laptop for the reappraisal of ineligible documents, though his machine usage is restricted to a dedicated country with divider desks.

Bankman-Fried’s spokesperson, Mark Botnick, told the paper that the erstwhile FTX enforcement is doing the “best helium tin nether the circumstances.”

Bankman-Fried progressive successful situation economy

The Wall Street Journal additionally said that Bankman-Fried is trading mackerel packets with different inmates successful speech for services. He reportedly traded an chartless magnitude of mackerel for a haircut anterior to his proceedings successful November.

Mackerel packets — which are individually worthy astir $1.30 — became a de facto situation currency aft national smoking bans eliminated cigarettes arsenic a viable alternative. (Incidentally, different erstwhile cryptocurrency convict, Charlie Shrem, has previously commented connected the economics of situation mackerel trading.)

Bankman-Fried has besides provided proposal regarding cryptocurrency concern to guards, according 1 of the Wall Street Journal’s unnamed sources.

SBF volition beryllium moved aft sentencing

Bankman-Fried is presently housed successful the Metropolitan Detention Center, Brookyln, which is notorious for its mediocre conditions. He volition beryllium transferred to a national situation to service his afloat sentence. There, helium volition apt person greater state of movement, amended acquisition and recreational resources, and institution with little convulsive situation population, according to a situation advisor cited by the Wall Street Journal.

Bankman-Fried has been convicted, but has not yet been sentenced, for his relation successful FTX’s fraud. His sentencing is acceptable for March 28, 2024 pursuing a 2nd proceedings that volition grip charges of run concern fraud and bribery of Chinese officials.

Bankman-Fried’s existent maximum condemnation is 115 years successful prison, though immoderate experts person suggested helium volition beryllium imprisoned for 25 years oregon less.

The station SBF housed with ex-Honduras president successful jail, is trading mackerel and giving crypto tips appeared archetypal connected CryptoSlate.