{"id":80815,"date":"2023-06-27T12:39:46","date_gmt":"2023-06-27T09:39:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80815"},"modified":"2025-09-11T19:16:13","modified_gmt":"2025-09-11T16:16:13","slug":"sam-bankman-fried-spent-243-million-on-bahamian-villas","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sam-bankman-fried-spent-243-million-on-bahamian-villas\/","title":{"rendered":"Sam Bankman-Fried Spent $243 Million on Bahamian Villas"},"content":{"rendered":"

The former CEO bankrupt exchange FTX<\/a> Sam Bankman-Fried spent more than $243 million on real estate in the Bahamas for employees, friends and their families. According to a report<\/a> from the company.<\/p>\n

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According to the document, FTX Group spent more than $18 million on a penthouse in the Albany Honeycomb complex. According to Christie\u2019s<\/a>, a similar apartment spans nearly 560 square meters and has five bedrooms.<\/p>\n

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Albany Honeycomb complex. Data: Christie\u2019s.<\/figcaption><\/figure>\n

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More than $16 million was spent on a mansion in the Old Fort Bay complex. It is not clear which exact house Bankman-Fried bought, but the more affordable neighboring options already include a pool with a dock and several bedrooms.<\/p>\n

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The report includes a detailed list of other real estate assets purchased by executives with client funds. All purchases were made from 2021 to 2022.<\/p>\n

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List of real estate purchased by the company\u2019s executives. Source: FTX Group.
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Among them is also a six-bedroom penthouse spanning 1,000 square metres in a resort Bahamian village where the founder of FTX, former head of Alameda Research Caroline Ellison and chief technology officer Nishad Singh lived.<\/p>\n

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In addition to luxury mansions, the company bought apartments and commercial properties.<\/p>\n

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The current leadership of FTX said<\/a> in the same report that it has made \\”substantial progress\\” in safeguarding client funds and has so far returned liquid assets totaling about $7 billion.<\/p>\n

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FTX CEO John Ray outlined details of corporate wrongdoing, including bank fraud and the creation of shell companies.<\/p>\n

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In February 2023, the company sent out<\/a> private letters to politicians demanding the return of donations previously received from former CEO Sam Bankman-Fried.<\/p>\n

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FTX also filed suit<\/a> against the former CEO\u2019s partners and related firms seeking to recover $700 million in investments.<\/p>\n","protected":false},"excerpt":{"rendered":"

The former CEO of the bankrupt FTX, Sam Bankman-Fried, spent more than $243 million on Bahamas real estate for employees, friends and their families.<\/p>\n","protected":false},"author":1,"featured_media":80816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,1403],"class_list":["post-80815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-sam-bankman-fried"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80815"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80815\/revisions"}],"predecessor-version":[{"id":80817,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80815\/revisions\/80817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80816"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}