Why Martin Shkreli Thinks SBF’s New Judge Could Still Be Lenient

Martin Shkreli, entrepreneur, investor and convicted white-collar criminal, talks about the new judge assigned to the case against Sam Bankman-Fried, whether Sam’s going to plead guilty or not, and the potential involvement of his family in the lawsuit.

Show highlights:

• whether Sam Bankman-Fried truly did not have money to post bail
• why the government did not restrict Sam’s usage of the internet and social media
• why Martin thinks the new judge assigned to the case, Judge Lewis Kaplan, is good for SBF
• how many years Judge Kaplan could sentence SBF to, given his unusual work experience
• whether there’s still a chance that Sam could paint this case as a business failure
• how defense attorneys will likely try to exploit the romantic relationship between Ellison and SBF in their favor
• why it is unlikely that SBF will plead guilty on the January 3rd arraignment date
• what a telemarketing fraudster case has to do with FTX
• how the prosecutors could indict SBF’s family if he doesn’t plead guilty
• how a jury would be selected 
• whether Sam has enough funds to pay for a decent lawyer and how that’s going to affect the case
• how Martin learned about crypto while he was in prison
• how prisoners engage with crypto while incarcerated
• whether Sam could run a business from prison

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Guest

Martin:

• Socials
• Previous appearances of Martin on Unchained:
  • Martin Shkreli Explains Why Sam Bankman-Fried Got Lucky With His Judge – Ep. 435
• 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

• Reuters: Sam Bankman-Fried to enter plea in FTX fraud case
• Unchained:
  • SBF Released on $250M Bond Secured by Parents
  • 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:
  • Bankman-Fried Judge Recused Because Husband’s Firm Advised FTX
  • FTX Bankruptcy Standoff Heats Up as Bahamas Challenges US Case
• 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