William Banks reportedly staged prison content and subsequently sold two Pump Fun memecoins, generating approximately $50,000, which he claimed was donated to Palestinian aid organizations. According to NS3.AI, Banks initiated the White Moses token on Solana-based Pump Fun, where a single transaction of around $14,000 caused the token's price to plummet by 75% within eight seconds, with further sales leading to a 96% decline. Public records revealed no prison record in Connecticut for Banks and connected him to a casting call for a project named Jail Saga Reality Show.