Given Hollywood’s obsession with stories of great financial ruin – and the accolades many actors have amassed for playing the characters behind them – we confidently say it’s only a matter of time before we get a scripted account of Sam Bankman-Fried’s still-unfolding disaster.
Bankman Fried is the wild-haired 30-year-old Silicon Valley kid that the financial news organization considers a savior, generous collector to Democrats and wealthy partner to celebrities like Tom Brady and Gisele Bundchen. most interested? He no longer has a job.
The entrepreneur (known by his initials, SBF) last week witnessed the spectacular collapse of his cryptocurrency platform FTX, which at one point held $50 billion in assets. Over $2 billion in client funds is missing or, according to other reports, was not there at all on FTX’s balance sheet. Sometime this past weekend, Bankman-Fried reportedly fled his company’s Bahamas headquarters to avoid an SEC investigation (he denied he left the area), and listed his lavish beachfront home for sale for $40 million. Can Andrew Garfield smell the Oscars from here? (Just in case he can’t take a swing, let’s check out Ben Schwartz’s features.)
Although Bankman-Fried has not yet been formally charged, figures like him have historically made for amazing film and TV productions. With FTX earnings compared to Lehman Brothers’ 2008 collapse, authors like Adam McKay (“The Big Short”), Shonda Rhimes (“Inventing Anna”) or Elizabeth Meriwether (Emmy-winning Elizabeth Holmes series “The Dropout”) must be salivating. . So any of the dueling filmmakers could be behind one of at least four projects about the GameStop stock saga.
Good news: We won’t have to wait long. Michael Lewis, the non-fiction writer on the A-list books that became “Moneyball” and “The Big Short,” was involved with Bankman-Fried for six months working on a volume about FTX. See you after the bidding war.
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