FTX founder Sam Bankman-Fried has been given some free advice on surviving federal prison by former white collar criminal Martin Shkreli, also known as “Pharma Bro.”
Shkreli, who spent around four years behind bars for securities fraud between 2018 and 2022, said the currently-on-bail former FTX executive should consider shaving his head, deepening his voice and skill himself up on gang culture and rap music.
The former prison inmate was speaking on a Dec. 23 episode of the crypto podcast Unchained, where he suggested that SBF needed to rebrand himself for jail, as being a rich white kid from a good neighborhood doesn’t “sound great.”
SBF getting prison survival advice from Martin Shkrelihttps://t.co/wvfZJJH2Ux pic.twitter.com/zrRmQuaRhK
“Sam isn’t exactly gonna be somebody that fits into prison” Shkreli said, adding that his type of “sensibility doesn’t go over well” there, as it's a “very testosterone filled, masculine place.”
Alongside “shaving his head,” and “deepening his voice,” Shkreli outlined that SBF needs to make friends fast and embed himself in the culture of the prison system. For example, Pharma Bro said SBF should “ no longer say he’s from Standford [University].”
“This sounds funny, but this could save your life,” Shkreli added.
Meanwhile, another former convicted felon, Sam Antar, the former CFO of the famously corrupt 1980s company Crazie Eddie, gave Bankman-Fried an alternative piece of advice: “JUMP BAIL AND RUN [...] They can only hang you once.”
Memo to Sam Bankman-Fried @SBF_FTX: I have just one piece of advice for you.JUMP BAIL AND RUN!Better to lose $250 million to gain your freedom than spend two decades or more in prison. I’ll give you the same advice my criminal lawyer gave me, “They can only hang
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