{"id":146383,"date":"2022-11-22T13:33:58","date_gmt":"2022-11-22T17:33:58","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=146383"},"modified":"2022-11-22T13:34:32","modified_gmt":"2022-11-22T17:34:32","slug":"parents-of-ftx-alameda-crime-syndicate-ceos-finally-outed-big-time","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=146383","title":{"rendered":"

Parents of FTX-Alameda Crime Syndicate CEOs finally outed—BIG TIME!!!<\/h2>"},"content":{"rendered":"

Sam Bankman-Fried’s Parents Bought Bahamas “Vacation Home” Among $121 Million In FTX Property Purchases<\/strong><\/h1>\n

ZeroHedge.com<\/p>\n

It turns out that it wasn’t just the “executives” running the show at FTX and Alameda who were enjoying the luxuries of owning mansion in the Bahamas…<\/p>\n

Sam Bankman-Fried’s parents were also among a group that “bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years”,\u00a0Reuters reported<\/a>\u00a0Tuesday morning, citing official property records.<\/p>\n

Most of the property purchases were “luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million”, the report says. The properties were officially purchased by a unit of FTX.<\/p>\n

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The deeds of the properties showed that they would be used for\u00a0“residence for key personnel” of FTX, Reuters wrote:<\/p>\n

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Other high-end real estate purchases include three condominiums at One Cable Beach, a beachfront residence in New Providence. Records showed the condominiums cost between $950,000 and $2 million and were bought by Nishad Singh, the former head of engineering at FTX, Gary Wang, an FTX co-founder, and Bankman-Fried for residential use.<\/em><\/p>\n<\/blockquote>\n

Stanford University law professors Joseph Bankman and Barbara Fried were listed as signatories on a home in Old Fort Bay that was said to be used as a “vacation home”. Reuters was able to contact a spokesperson for the professors, who said they had “been trying to return the property to FTX”.<\/p>\n

Sure, now that the company has blown up…easy decision.<\/em><\/strong><\/p>\n

As we said on Twitter this morning, it’s great work if you can get it…<\/p>\n