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FTX uses corporate funds to purchase luxurious homes in Bahamas, new filing reve...
source link: https://nextbigwhat.com/ftx-uses-corporate-funds-to-purchase-luxurious-homes-in-bahamas-new-filing-reveals/
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FTX uses corporate funds to purchase luxurious homes in Bahamas, new filing reveals
The court complaint has shown that the company’s money was used to “buy residences in the Bahamas and ‘personal items’ in the names of FTX employees and advisors.”
Only a few days prior, Sam Bankman-Fried, the company’s founder, listed his $40 million penthouse for sale. FTX and Alameda Research have both filed for Chapter 11 bankruptcy protection.
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