Sunday, November 27, 2022

So Superstar Finance Writer Michael Lewis Was Embedded With FTX For Six Months, Raising The Question: Did He Spot The Frauds?

After reading about the methamphetamine people piles in the Bahamsa I maybe shouldn't use the word embedded.

From The Ankler, November 13:

H'wood FTX Frenzy as Michael Lewis Reveals He Spent 6 Months with Founder
Author compares Sam Bankman-Fried, Binance's CZ to 'Luke Skywalker and Darth Vader' in email sent by CAA

In this issue:

  • The full CAA email reveals Michael Lewis’ next book is about Sam Bankman-Fried with at least one plot point focusing on the rivalry with Binance’s Changpeng Zhao

  • The role of former CAA agent (and Elon Musk pal) Michael Kives with Bankman-Fried

With the stunning collapse of crypto exchange FTX still rippling through the financial markets, the entertainment industry sprang into action over the weekend with a far more pressing concern: Who’s going to nab the rights to this story?

We now know at least one part of how this plays out. The town was abuzz Saturday after an email spread that revealed that Michael Lewis — the most talented and successful non-fiction writer working today — had embedded with FTX founder Sam Bankman-Fried for the past six months and was making the collapsing cryptocurrency exchange the centerpiece of his next book. The Ankler obtained the email from CAA agent Matthew Snyder, originally sent to potential buyers on Friday (CAA did not immediately return a request for comment). The email reveals that not a word of the book has been written yet but, well, things just can’t wait:

The email from Snyder:....