FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court filings revealed.
More than $15 million went on luxury hotels and accommodation, with $5.8 million of that at one resort — the Albany Hotel. This luxury resort is where Sam Bankman-Fried lived in his $30 million penthouse until his arrest, theAround $3.6 million went on the Grand Hyatt, a four-star hotel that hosted British royalty in March 2022. There was also $800,000 spent at the five-star Rosewood resort.
If true, then QED for demonstrating deliberate defrauding of investors, and SBF saying he’s “trying to figure out what happened” is simply lying — unless he’s mentally disabled and someone put him up as ‘the fall guyI’.
The $40 mil needs background. This isn’t outrages for a company with tens of thousand of employees. In the case of FTXs which is in the hundreds this is insane.
I think Bahamas has taken strict action on SBF_FTX because SBF has provid brilliance of dollars to another country's next President. 🤔
based