Former Wall Street analyst Sam Bankman-Fried says he was paid off Donald Trump's 2024 campaign

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Former Wall Street analyst Sam Bankman-Fried says he was paid off Donald Trump's 2024 campaign

As Bankman-Fried prepares to stand trial on fraud charges this week, Lewis, who has chronicled the Wall Street misdealings that led to the 2008 financial crisis, has alleged management failures at FTX - and a plot to pay off Donald Trump to stand down from his 2024 U.S. presidential ambitions.

Bankman-Fried has been accused of stealing customer funds from the FTX exchange to his sister company Alameda Research, where they were used to finance his lavish lifestyle. Bankman-Fried has pleaded not guilty to a lesser charge and appears to have downplayed the incident to Lewis.

Lewis also appeared to support allegations made by FTX's new management, which took over on Nov. 11 when the company filed for bankruptcy, of poor corporate governance under Bankman-Fried's tenure.

Sam is just not built to manage people, Lewis said, adding that bankman-Fried didn't know the names of other members of the board of directors and appears to have seen their role as mere rubber-stamping.

Before FTX collapsed, Bankman-Fried had also floated paying as much as $5 billion to Donald Trump to keep him from running for president again, Lewis said.

Bankman-Fried 'fully thinks he's innocent,' Lewis said, describing the FTX as a 'great real business' that could have survived if bad publicity hadn't led to a run on deposits.