Sam Bankman-Fried Courts Trump, Musk in Bid for Clemency

Prisoner FTX-MEDE founder Sam Bankman-Gefruurde focuses on the political immediately after his fall, in a clear bid for a presidential grace.

Bankman-Gefruurde pronounced frustrations with both the Biden administration and the judicial system sentenced to him, in an interview with the New York Sun.

The rhetoric of the FTX-MEDE founder has taken a sharp turn in the direction of US President Donald Trump and Tesla CEO Elon Musk while he is a 25-year prison sentence in the Brooklyn prison for cheating customers of billions of dollars.

“I was really frustrated and disappointed about what I saw from Biden’s administration,” said Bankman-Fried during the telephone conversation of 45 minutes.

His statement marks a sharp deviation from his past as a great democratic donor, one of the greatest backers in the 2020 election cycle.

Bankman-Grieduurd also praised the “chainsaw approach” of Musk to cut the federal bureaucracy, pointing to the need for a revision of inefficient systems.

“Some things actually need more than 10%,” he said. “They need 30, 50, 70% [cut]But of course they have to be rebuilt in the right way. “

Bankman-Fried’s comments come when his parents reportedly seek a presidential grace for their son.

The parents of the Chatted Crypto -Mogul are in conversation with individuals in the vicinity of Trump’s inner circle to explore the possibility of clementia, Bloomberg reported, with reference to anonymous sources.

“I have worked much more with Republicans than previously thought,” said Bankman-Fried, showing that his connections within conservative circles can help secure a grace.

Bankman-Fried’s offer on Clemency recalls the business of Silk Road founder Ross Ulbricht, who was convicted of running the Dark Web Marketplace.

Ulbricht was promised during his election campaign of the elections and then got a grace after Trump had recorded the office.

The collapse of FTX

The fall of Bankman-Fried from Grace was as fast as public.

Once the head of FTX, a crypto exchange worth $ 32 billion, his empire collapsed in November 2022 amid allegations of fraud, embezzlement and abuse of customer funds.

The case became one of the biggest financial scandals in the short history of the crypto industry, with the arrest of Bankman-Fried and the subsequent test that attracted broad attention.

In 2023 a jury found him guilty on seven counts, including wire fraud and securities fraud, which resulted in a 25-year prison sentence.

Bankman-Fried, who was convicted of fraud in connection with the collapse of FTX, maintained that: “I don’t think anyone was guilty.”

He also repeated well -known talk points from Trump, criticizing the ‘politicization’ of the Ministry of Justice (DOJ) and complained about the handling of his case.

His comments about the Judge Kaplan, which both the Bankman-Friedduurd and a one provides Case against Trump Involving allegations of sexual abuse, reveal an attempt to draw parallels between his legal struggle and those of Trump.

Both, according to him, were the victim of a biased legal system driven by political motivations.

In a Wednesday statement, Trump announced That he had instructed the Ministry of Justice to dismiss’ all remaining ‘Biden era’ American lawyers, in search of what he regards as a persistent political approach of the previous administration.