Sam Bankman-Fried, like Elizabeth Holmes before him, discards the slob-billionaire aesthetic as the walls close in, writes TianatheFirst.
In Hulu's best show of this year, The Dropout, the very talented Amanda Seyfried plays convicted fraudster and felon Elizabeth Holmes. Although Seyfried usually plays bombshells, her beauty — on top of a gleefully unhinged and immersive performance — actually elucidates one of the odder phenomena of Holmes's entire ruse, which succeeded in deluding every elite from ex-secretaries of state to ex-presidents.
The conclusion I reached was confirmed with Bankman-Fried's arrest in the Bahamas. Like Holmes, Bankman-Fried is facing decades of hard time for defrauding investors, which prosecutors allege was his plan from the start. Bankman-Fried used to pride himself on dressing and grooming himself like a teenage truant hanging outside of a 7-Eleven. Now, he has exchanged his usual oversized T-shirts, ill-fitting cargo shorts, and grimy trainers for an actual suit.
In Holmes's case, the slob-billionaire aesthetic can be seen as a distraction from a plain and uninteresting face. On Seyfried's character, it is more pointedly transactional — a distraction not from obvious beauty, but from clear ineptitude. So what if the bankruptcy attorneys cleaning up FTX's mess said that the company was run worse than Enron? Bankman-Fried wears a hoodie to hang out with Bill Clinton and Tom Brady.
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