Sam Bankman-Fried Extorted Money in Prison

Former inmate of the MDC prison in Brooklyn, Gene Borello, told crypto blogger Tiffany Fong about his acquaintance with the ex-CEO of the FTX crypto exchange, Sam Bankman-Fried. He stated that SBF was worried about its safety and had even considered hiring a bodyguard.

I got a chance to interview Gene Borrello, a former mob enforcer who was in jail with Sam Bankman-Fried. Gene tells me SBF was on suicide watch, was extorted & did not eat or shower for several days. We also discuss how Sam spends his time in jail, bullying, sentencing & more. pic.twitter.com/nszTXVUrSQ

— Tiffany Fong (@TiffanyFong_) November 30, 2023

Borello said Bankman-Fried was “targeted by other inmates due to his timid nature.” One of them extorted money from SBF and insisted that he needed protection in prison, while Borello convinced Bankman-Fried otherwise:

Borello explained that Bankman-Fried is in a cell with “government officials and wealthy individuals” and not in the general prison area. Therefore, he does not need to look for a bodyguard.

Interlocutor Tiffany Fong recalled a conversation with SBF while being held in a cell:

Borello suggested that cases of extortion of money from Bankman-Fried could be repeated. In addition, SBF was worried that he might spend 20 years in prison.

Note that some lawyers believe that the former CEO of FTX will receive from 10 to 20 years in prison.

We previously reported on Bankman-Fried’s conditions at the MDC prison in Brooklyn. The ex-head of the FTX exchange found himself in the same cell with the former president of Honduras and had access to vegetarian food and a laptop. In addition, he has access to necessary medications and can receive visitors once a week.

On November 2, the jury returned a verdict in the case of the ex-CEO of FTX. The court found Sam Bankman-Fried guilty on all seven counts. The next meeting is scheduled for March 11, 2024. SBF previously stated that it did not deceive exchange clients.