FTX founder suggested fellow inmates together with ex-Honduran President Hernández, who acquired a Trump pardon this month.
SBF inspired Hernández to testify throughout his March 2024 drug trafficking trial; Trump pardoned the previous president on Dec. 1.
The FTX founder additionally served as a sounding board for Sean Combs throughout his trial, serving to him put together for his protection.
A federal public defender described jailhouse legal professionals as a regarding and unwelcome addition to the authorized system.
Dec. 20 (Crypto-Information.Web) – Sam Bankman-Fried, the disgraced founding father of collapsed crypto alternate FTX, has taken on a brand new function as an off-the-cuff authorized advisor to fellow inmates at a federal jail in California, offering steering to high-profile prisoners together with former Honduran President Juan Orlando Hernández, who acquired a presidential pardon from Donald Trump this month.
The FTX founder inspired Hernández to testify in his personal protection throughout his March 2024 drug trafficking trial, in accordance with The New York Occasions. Hernández adopted that recommendation and took the stand on March 5-6, 2024. Trump formally pardoned the previous president on Dec. 1, releasing him from a 45-year sentence for facilitating the transport of over 400 tons of cocaine.
Bankman-Fried additionally served as a sounding board for music producer Sean Combs throughout his trial, serving to him put together for his protection. Combs was acquitted of racketeering and intercourse trafficking prices on July 2 however discovered responsible on two counts of transportation for functions of prostitution.
Critics Query Observe
Federal public defender Sabrina Shroff criticized the observe of inmates offering authorized recommendation, describing jailhouse legal professionals as a regarding and unwelcome addition to the authorized system.
Bankman-Fried is at the moment serving a 25-year jail sentence after his conviction on fraud prices associated to the FTX collapse. Courts ordered him to pay $11 billion in restitution. He said that federal protection requirements are insufficient and that he gives steering the place public defenders face overwhelming caseloads.
Pardon Efforts Proceed
His mother and father, Joseph Bankman and Barbara Fried, have been lobbying Trump allies for a presidential pardon for his or her son. The Trump administration’s strategy to crypto enforcement has drawn scrutiny because the president points pardons whereas reshaping regulatory coverage. The elder Bankman mentioned his son now solely has his time to supply others.
Bankman-Fried stays at FCI Terminal Island in California whereas pursuing his enchantment.
Sources
Reuters – Hernández testimony affirmation, March 5-6, 2024 dates URL:
The New York Occasions (by way of DNYUZ syndication) – Main supply for jail interview, SBF quotes, advisory actions with Hernández and Combs, Shroff criticism, Bankman quote URL:
CNN Politics – Trump pardon of Hernández affirmation, Dec. 1, 2025 date URL:
