A look at some of the more outlandish schemes attributed to Sam Bankman-Fried in Michael Lewis' book, 'Going Infinite.'
Sam Bankman-Fried stands accused of running "one of the biggest financial frauds in U.S. history," with the founder of fallen cryptocurrency exchange FTX currently on trial for fraud and money laundering at a federal court in New York.
“Sam’s thinking was that they could pay Donald Trump not to run for president. Like, how much would it take?" Lewis said. "The number that was kicking around when I was talking to Sam about this was $5 billion. But, Sam was not sure that number came directly from Trump."One of SBF's more expensive forays into political funding proved to be fruitless.
After Flynn failed to win in the May 2022 primaries, SBF was quoted as saying that "there are limits to what money can buy."The book states that Bankman-Fried met with the prime minister of the Bahamas to discuss paying off the country's entire national debt of roughly $10 billion. Lewis asserted that FTX relocated its headquarters from Hong Kong to the Bahamas in 2021, partly due to the Chinese government's crackdown on crypto.
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