Sam Bankman-Fried, His Parents and Top Managers Spent $121M in Properties

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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.”