EXCLUSIVE Bankman-Fried's FTX, parents bought Bahamas property worth $121 mln

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Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.

Most of FTX's purchases were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million. The deeds show these properties, bought by a unit of FTX, were to be used as "residence for key personnel" of the company. Reuters could not determine who lived in the apartments.

When asked by Reuters why the couple decided to buy a vacation home in the Bahamas and how it was paid for -- whether in cash, with a mortgage or by a third party such as FTX -- a spokesman for the professors said only that Bankman and Fried had been trying to return the property to FTX. While it is known that FTX and its employees bought real estate in the Bahamas, where it established its headquarters in September last year, the property records seen by Reuters show for the first time the scale of their buying spree and the intended use of some of the real estate.

 

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But hey he drives a Corolla

Lmao insilicobunker fomocapdao and he did adderall orgies in it with Caroline and other lads jerking it in corner

I guess we know where some client funds were!

That is how they embezzling the money in property sales GrantCardone can tell you what where & Who he bought property! He's your property investment guy 😉

rfdzw Oooooof

Professors must get paid really well these days

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