FOX– Sam Bankman-Fried reportedly received more than $2 billion transferred from FTX entities, according to the bankrupt cryptocurrency exchange’s new management.
The company, now led by CEO John J. Ray III, revealed in court filings and a press release issued Wednesday night that Bankman-Fried and five members of his inner circle received $3.2 billion in total to their personal accounts in the form of “payments and loans.”
“These amounts exclude over $240 million spent to purchase luxury property in the Bahamas, political and charitable donations made directly by the FTX Debtors, and substantial transfers to non-Debtor subsidiaries in the Bahamas and other jurisdictions,” the press release said. The funds came primarily from Alameda Research, a crypto trading hedge fund affiliated with FTX. more here
And how much passed into and through to SVB and was used for Bonuses and Payrolls and stuffs?
He’ll skate because he gave 10% to the Big Guy.
@Dr Hambone
And a backpack full of keys
And SBF moved it all offshore. He just couldn’t see paying his ‘fair share’ of taxes.