Maybe a few years in a federal prison will be good for Sam Bankman-Fried. The high-tech grifter went from billionaire to broke in a matter of days when investors realized that his FTX crypto-currency trading platform had vaporized their money. FTX was a Ponzi scheme purpose-built to snare investors like them—people who thought they were smarter than everyone else. Up until his arrest on December 11, SBF, as Bankman-Fried styles himself, was still giving interviews. Like a frat boy who got caught “borrowing” the college president’s car, he seemed to think he could still talk his way out of this mess. But he’s about to learn that embezzling money is a crime. Even when the alleged embezzler is a fuzzy-headed nerd who convinced everyone he was just trying to save the world.
