Sam Bankman-Fried has reportedly said prison life in the Bahamas will be like the classic 1994 film The Shawshank Redemption.
“I thought it would be like The Shawshank Redemption,” the infamous FTX founder and CEO told Forbes in an exclusive interview published Thursday.
The movie starring Morgan Freeman was nominated for seven Academy Awards.
The former billionaire told the publication that he was assigned to the same room as five other inmates in the facility’s clinic and kept away from the public.
Sam Bankman Fried deletes tweet while under house arrest
Bankman-Fried brings life to life in Fox Hill. I shower with a garden hose, dry myself with a 3″ x 5″ towel, and sleep in “the worst bed imaginable made of cardboard and debris.” of semi-soft plastic on stilts. ”
The former head of the world’s second-largest cryptocurrency exchange said he used the suit jacket he wore to court as a pillow.
The 30-year-old made friends with other inmates and never felt unsafe.
CLICK HERE TO GET FOX BUSINESS ON THE GO
The worst part, he told Forbes, was the lack of internet.
“I had no idea how much more important internet access was to me than everything else combined, but it was like 80% of the total cost of being in prison,” he said, referring to the newspaper. He said it could be possible.
Bankman-Fried claimed he was limited to one 30-minute phone call during his stay, but was allowed daily meetings with lawyers in the Bahamas.
In December, he waived his right to fight extradition and agreed to return to the United States to pursue prosecution. Agreeing to a $250 million bail arrangement, partly backed by his parents’ $4 million California home, he’s currently incarcerated with an electronic ankle. bracelet. He entered his petition through his attorney and pleaded not guilty to a series of federal charges of allegedly defrauding customers and investors.
CLICK HERE FOR MORE INFORMATION ON FOX BUSINESS
Bankman-Fried’s trial is scheduled for October 2nd.
Fox Business’s Breck Dumas, Marta Dhanis, and Reuters contributed to this report.