Posted on 11/14/2022 9:03:42 AM PST by dynachrome
Nassau, Bahamas — FTX founder Sam Bankman-Fried has put his Bahamas penthouse up for sale for about $40 million after he lost billions in net worth amid the collapse of his crypto exchange.
A real estate broker for the 12,000-square feet, five-bedroom residence in the luxury Albany resort said Monday the penthouse was put up for sale in the last week but declined to name the owner. People close to current and former FTX employees who have been at the residence confirmed it is Bankman-Fried’s place.
He and other senior colleagues at FTX live and work in the penthouse, which includes a private elevator, his and her bathrooms, a spa, and pool, according to the listing. The residence also overlooks the Atlantic Ocean, has Italian marble accents throughout, and German-engineered doors and windows.
FTX, one of the world’s largest crypto exchanges, filed for bankruptcy on Friday while Bankman-Fried, an investor in Semafor, resigned as CEO. Bankman-Fried didn’t respond to a request for comment.
(Excerpt) Read more at semafor.com ...
Like to see this twerp do some Madoff length prison time.
Big ‘rat donors don’t do time
In the name of what offshore holding corporation?
This guy's not a Democrat he's a QAnon mega-maga threat to democracy!
The trouble with people is that they are people.
How come the condo has not been seized?
Oh, but they waited until after the election to pull the plug.
Probably because there is no criminal investigation at present. (As in 1:51 pm EST 11/14/2022.) The corporate bankruptcy filing would involve the business and its assets, not the assets of the owner(s), unless and until there is a showing by the UST (United States Trustee) in the bankruptcy case that the debtor (business) had made fraudulent transfers to Bankman-Fried or other persons. When that is shown to the court it can order a turnover from Bankman-Fried of improperly transferred assets. That is a claw-back action, and it is a routine feature of a lot of bankruptcy cases.
Hopefully some judge will step in to block the sale of any assets
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