Sam Bankman-Fried, His Parents and Top Managers Spent $121M in Properties
The parents of the former head of FTX and Alameda Research Sam Bankman-Fried, he himself and top managers of organizations became the owners of at least 19 premium properties worth $121 million.
According to documents accessed by Reuters, most of the purchases made in 2021-2022 are luxury beachfront homes, including seven $72M condominiums in the upmarket Albany, New Providence, Bahamas. They were intended as “executive residences” for companies.
The most expensive was a penthouse worth $30 million.
A group of houses worth $8.55 million and a two-hectare plot of land became the “office premises of the crypto exchange.”