Back when Sam Bankman-Fried was sentenced to 25 years in prison, the judge criticised the fraudster for his “apparent lack of any remorse”. “He knew it was wrong. He knew it was criminal,” argued Judge Lewis Kaplan.
So have the last few months behind bars given the former crypto king time to reflect on his actions? Not really, according to a new report in Puck. In his first interview since his imprisonment, SBF was asked about whether his views on the trial had changed. “I got the distinct impression that Sam still doesn’t believe he committed any crimes,” writes reporter William Cohan. “Only that he was the one responsible for putting FTX in a position where it was vulnerable to a bank run and the devious actions of its competitors, not unlike how both Bear Stearns and Lehman Brothers failed in 2008.”
SBF goes on to wonder why no one at either Bear or Lehman faced criminal prosecution when he did. Fair point: lock them up too!
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SubscribeWe don’t expect remorse. We expect him to do his time, and others to be deterred.