Here’s a dilemma facing failed FTX founder and possible felon Sam Bankman-Fried; nobody on the planet needs more lawyers than the curly-haired numskull, but what talented attorney is volunteering to work for free?
Does SBF have any real currency? Could he pay for parking at a high-powered legal office, let alone a retainer?
The one-time “billionaire” used to get good press before he drove FTX into the ground, and if you’re wondering why maybe it’s because he was paying for it.
The latest reports show Bankman-Fried spent big bucks to media outlets, most or all left-leaning or full-on progressive, and all more than happy to write glowing stories about him.
The cash went to Vox, The Intercept, ProPublica, and the news outlet launched by former New York Times media consultant Ben Smith called Semafor.
The problem for those outlets is it really wasn’t Bankman-Fried’s money.
Elon Musk, of course, has somehow been embedded into this story, and here’s how. Semafor “reported” that Musk offered Bankman-Fried the opportunity to roll his $100 million Twitter investment into the privately held company Musk created.
Elon hit back, saying Smith’s media company was “owned by SBF.”
Smith responded, saying, “like you and many others, we took an investment from him. We have covered him aggressively and disclose it every time we write about him.”
Elon followed in a tweet by asking how much Smith took from Bankman-Fried. His response? Well, Musk is still waiting for one.
One of Bankman-Fried’s favorite past times was handing out money to Democratic candidates. According to reports, only one other person donated more money to Democratic/progressive/socialist candidates, and his name was George Soros.
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