Pharma Bro Martin Shkreli offers disgraced FTX boss Sam Bankman-Fried recommendation on surviving jail time

Notorious “Pharma bro” Martin Shkreli has given jail recommendation to disgraced FTX founder Sam Bankman-Fried.

Chatting with crypto journalist Laura Shin on her podcast Unchained, Shkreli predicted Mr Bankman-Fried, who lately dodged a jail keep by posting $250M bail as he awaits trial on fraud fees, may face some challenges if convicted.

“Sam goes to have loads of points as a result of he’s a little bit of an effeminate man and his manner, some folks say autistic kind of sense, or sensibility, isn’t one thing that goes over properly in jail,” Shkreli advised Ms Shin on Friday’s episode.

Shkreli, who obtained his “Pharma bro” nickname after his firm raised the value of the life-saving drug Daraprim from $13.50 to $750, then delved into the survival ideas that helped him mix in federal jail between his 2018 safety fraud conviction and early launch this yr.

“He needs to be listening to as a lot rap music as doable … choose these issues up as shortly as he can,” Shkreli stated. “Be taught every thing there’s to learn about gangs, concerning the robust neighbourhoods in each metropolis.”

Shkreli added that Mr Bankman-Fried ought to shave his hair and deepen his voice in an effort to match within the “very testosterone-filled, masculine” jail surroundings.

The recommendation, Shkreli stated, might be the distinction between life and demise.

“He in all probability ought to not say that he’s from Stamford or one thing. He can say that he’s from Oakland, I feel that folks would relatively hear him lie than hear the reality,” Shkreli stated on the Unchained podcast.

“Even when they realize it’s a little bit of a lie, he ought to in all probability begin to reinvent his background and historical past as a result of the wealthy white child from a superb neighbourhood … that story doesn’t sound nice.”

Mr Bankman-Fried was arrested within the Bahamas, the place his firm was headquartered, on December 13.

He’s accused of allegedly finishing up “one of many greatest monetary frauds in US historical past” after FTX collapsed in early November.

Mr Bankman-Fried has accepted that there have been risk-management failures at FTX however says that he has not acted criminally.

Final week, a federal choose in Manhattan dominated that Mr Bankman-Fried might be launched on bail in an settlement drawn up between prosecutors and his defence staff.

He was required to give up his passport and reside at his mother and father’ house in Palo Alto, California beneath home arrest.

Mr Bankman-Fried will seem once more in courtroom on 3 January.

If convicted, he faces as much as 115 years in jail.