FTX Executives Reportedly Bought Themselves Real Estate In The Bahamas With Corporate Funds

  • “I understand that there does not appear to be documentation for certain of these transactions as loans,” the lawyer wrote, “and that certain real estate was recorded in the personal name of these employees and advisors on the records of the Bahamas.”
  • Bankman-Fried, who was one of the Democrats’ largest donors in the recent midterm elections, reportedly listed his $40 million penthouse in Nassau on the same day that FTX declared bankruptcy.
  • Speculation mounted on social media as to whether the executives were engaged in a romantic network called a “polycule.”
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