Accused crypto crook Sam Bankman-Fried is collaborating with best-selling author Michael Lewis, seen at the Bankman-Fried Palo Alto, Calif., residence Friday, the New York Post reports.
Lewis, author of The Big Short, Liar's Poker and Moneyball, has actually been working with the former FTX CEO for six months, long before U.S. authorities spotted anomalies at the cryptocurrency exchange and hedge fund.
News of the book deal leaked in November when entertainment newsletter The Ankler sourced a letter from Lewis’ publishing agency to potential movie rights buyers. The letter called SBF’s saga “more than sufficient for a signature Michael Lewis book.”
Sources told the Post that Lewis spent several hours inside the home of SBF’s parents, on the outskirts of Stanford University, where the FTX founder is under house arrest on $250 million bail.
Bankman-Fried's parents, professors at the university, have hosted several gatherings at their home since their son’s arrival Friday, sources say.
The Bankman-Frieds reportedly are paying $10,000 a week for armed security to protect their son, to augment protection by campus police.
The 30-year-old former crypto billionaire, who has not yet entered a plea, is due back in court in New York next week and is expected to fly private to make his appearance.
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