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Exclusive: Bankman-Fried's FTX, parents bought Bahamas property worth $121 million
Reuters ^
| 11-22-22
| Koh Gui Qing
Posted on 11/22/2022 8:26:58 AM PST by dynachrome
Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.
Most of FTX's purchases were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million. The deeds show these properties, bought by a unit of FTX, were to be used as "residence for key personnel" of the company. Reuters could not determine who lived in the apartments.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: bahamas; bankman; bankmanparents; china; corruption; epstein; fried; perverts; property; voterfraud; whoisgarywang
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They'll give it back to the creditors, right?
To: dynachrome
Good luck getting any money out of this slug.
2
posted on
11/22/2022 8:28:03 AM PST
by
1956tbyrd
To: dynachrome
Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.
—
Money, literally created out of thin air, is then used to purchase hard assets. What a perfect scheme.
3
posted on
11/22/2022 8:31:14 AM PST
by
Flick Lives
(Cui bono)
To: 1956tbyrd
The article sez that the headquarters is now empty, so where is the fried bankman?
4
posted on
11/22/2022 8:32:48 AM PST
by
dynachrome
(“We cannot save Ukraine by dooming the US economy.” Rand Paul)
To: dynachrome
And Bankman-Fried is still roaming free along with his non-binary, polyamorous sciurine girlfriend.
This FTX thing is looking more and more like some kind of deep-state, CIA op. Its got all the major plot themes.
5
posted on
11/22/2022 8:39:19 AM PST
by
PGR88
To: dynachrome
6
posted on
11/22/2022 8:49:15 AM PST
by
Bubba_Leroy
(Dementia Joe is Not My President)
To: dynachrome
I thought he lived a Spartan life a drove a used Corolla...
7
posted on
11/22/2022 8:51:49 AM PST
by
Ken H
(Trump /DeSantis)
To: dynachrome
Aren’t they HARVARD PROFESSORS???
8
posted on
11/22/2022 8:58:27 AM PST
by
Ann Archy
(Abortion....... The HUMAN Sacrifice to the god of Convenience)
To: Ken H
HA!! Just ANOTHER part of his FRAUDULENT LIFE!! AWFUL PARENTS!
9
posted on
11/22/2022 9:00:28 AM PST
by
Ann Archy
(Abortion....... The HUMAN Sacrifice to the god of Convenience)
To: PGR88
“some kind of deep-state, CIA op”
Yup—classic money laundering and influence peddling scheme...
10
posted on
11/22/2022 9:02:26 AM PST
by
cgbg
(Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
To: Ann Archy
Stanford. His mom runs some sort of Dem/Commie get out the vote organization.
Stanford, home of the Thanatos scammer too
11
posted on
11/22/2022 9:04:50 AM PST
by
csvset
(tolerance becomes a crime when attached to evil)
To: csvset
THANKS!!~ I thought it was Harvard!!
12
posted on
11/22/2022 9:09:25 AM PST
by
Ann Archy
(Abortion....... The HUMAN Sacrifice to the god of Convenience)
To: Ann Archy
Here is the group his mommy, Barbara Fried, runs.
Mind the Gap
Mind the Gap (MTG) is a left-wing super PAC dedicated to helping Democratic political candidates win elections. The PAC earns millions of dollars in donations primarily from Silicon Valley executives “who are keen on quietly funneling massive political donations into the Democratic Party”
More at link
13
posted on
11/22/2022 9:14:08 AM PST
by
csvset
(tolerance becomes a crime when attached to evil)
To: dynachrome
Look for Democrat legislators and regulators (e.g., SEC) free vacations at these properties. Follow the money.
14
posted on
11/22/2022 9:20:08 AM PST
by
ConservativeInPA
( Scratch a leftist and you'll find a fascist )
To: dynachrome
Any similarities between Bernie Madeoff and Bankman-Fried?
(Recall that the late Mister Madeoff was sentenced to 150 years in the big house for his Ponzi scheme.)
15
posted on
11/22/2022 9:30:08 AM PST
by
Seaplaner
(Never give in. Never give in. Never, never, never...in nothing, great or small...Winston Churchill)
To: PGR88
“sciurine”
I learned a new word today! LOL
16
posted on
11/22/2022 9:35:57 AM PST
by
dynachrome
(“We cannot save Ukraine by dooming the US economy.” Rand Paul)
To: Bubba_Leroy
Um, that is why they went to the Bahamas. They are not subjected to U.S. taxes.
To: Robert DeLong
Um, no. If your employer wires your paycheck to an account in the Bahamas you still have to pay U.S. income taxes on it (along with state and city income taxes depending on where you live).
Even if you are a U.S. citizen living and working entirely outside of the U.S., for a foreign company that only does business outside of the U.S., the IRS still demands their cut.
18
posted on
11/22/2022 10:40:28 AM PST
by
Bubba_Leroy
(Dementia Joe is Not My President)
To: Bubba_Leroy
I read that somewhere that he started it in Hong Kong for tax reasons, but unfortunately can't find that article anymore.
I figured that he had to pay some taxes, but not what it would normally be.
To: Robert DeLong
The company itself could have substantial tax savings by incorporating and operating outside of the United States; however, the U.S. citizen employees, who received free use of luxury homes in the Bahamas and other fringe benefits, were required to report those benefits as income and pay taxes on them.
That is what Allen Weisselberg was charged with, and is now being tried, for failing to do.
20
posted on
11/22/2022 11:59:40 AM PST
by
Bubba_Leroy
(Dementia Joe is Not My President)
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