Billion

Donald Trump

Renowned author Michael Lewis <a href="https://www.cbsnews.com/news/ftx-founder-sam-bankman-fried-michael-lewis-book-60-minutes-transcript/?ftag=CNM-00-10aab7d&amp;linkId=238697261">recently revealed in an interview with CNBC</a> that Sam Bankman-Fried, the former CEO of the defunct FTX exchange offered Donald Trump a staggering $5 billion not to run for office. 
<h2 id="b-the-5-billion-proposal-to-donald-trump-b">The $5 Billion Proposal to Donald Trump</h2> 
Lewis disclosed, “So he did get an answer. There was a number that was kicking around. And the number that was kicking around when I was talking to Sam about this was $5 billion.” This statement suggests that Bankman-Fried had indeed contemplated the idea of using his considerable wealth to discourage Trump from entering the Presidential race.&nbsp; 
What adds another layer of complexity to this intriguing situation is the fact that Bankman-Fried was not only considering the financial aspect but also the legal implications of such a proposal. Lewis further revealed, “The question Sam had was not just, ‘Is $5 billion enough to pay Trump not to run,’ but ‘Was it legal?’ 
<h2 id="b-sbf-s-spokesperson-declined-comment-b">SBF’s Spokesperson Declined Comment</h2> 
In response to inquiries about this matter, Mark Botnick, a spokesperson for Sam Bankman-Fried, declined to provide any comments, leaving the public with more questions than answers. The silence from Bankman-Fried’s camp only adds to the mystery surrounding this alleged proposal. 
<h2 id="b-sbf-s-political-donations-b">SBF’s Political Donations</h2> 
Prior to FTX’s collapse and the legal troubles that followed, Bankman-Fried was known for his active participation in political donation activities. He contributed to politicians from both the Democratic and Republican parties, which has raised questions and led federal prosecutors to investigate the nature of these donations. 
Bankman-Fried was reportedly the third largest contributor overall and the top donor from the crypto industry. In an attempt to reclaim a portion of funds following the collapse, FTX’s new management <a href="https://thecoinrise.com/ftx-sets-deadline-for-beneficiaries-to-repay-donations-made-by-sbf/">set deadlines for political beneficiaries to return donated funds</a>. 
<h2 id="b-ftx-trial-commencement-b">FTX Trial Commencement</h2> 
The gravity of Bankman-Fried’s situation is further underscored by reports that he could potentially face over 100 years in prison if convicted on a range of charges, including fraud. The pending trial, <a href="https://thecoinrise.com/ftx-founders-political-donations-to-be-presented-as-evidence/">set to begin on October 3rd, is expected to shed light on the details</a> and circumstances surrounding these allegations. 
The scrutiny of Bankman-Fried’s political contributions highlights the broader debate about the intersection of crypto, financial regulation, and political influence. 
The post <a rel="nofollow" href="https://thecoinrise.com/sbf-offered-donald-trump-5b-not-to-run-for-office-michael-lewis/">SBF Offered Donald Trump $5B Not to Run for Office: Michael Lewis</a> appeared first on <a rel="nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

SBF Offered Donald Trump $5B Not to Run for Office: Michael Lewis

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