Over the past two years, the parents of Sam Bankman-Fried (SBF), the criminal head of the now-defunct FTX cryptocurrency exchange Ponzi scheme, “bought at least 19 properties worth nearly $121 million in the Bahamas,” new reports claim.
Citing official property records, Reuters reports that it was not just “executives” at FTX and Alameda that were stealing investor cash and using it to pad their own pockets and buy expensive properties. SBF and his family were doing the same without shame.
Most of the properties that SBF’s parents bought in the Bahamas using stolen funds were “luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million,” we are told.
Keep in mind that all of these properties were officially purchased by a unit of FTX. (Related: Before collapsing under the weight of fraud, FTX had a higher ESG [environmental, social, and governance] score than ExxonMobil.)
According to the properties’ deeds, all of them were to be used as “residence for key personnel.”
“Other high-end real estate purchases include three condominiums at One Cable Beach, a beachfront residence in New Providence,” the Reuters report further reveals.
“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.”
Barbara Fried is a Stanford law professor who runs a Democrat super PAC
So, who are the parents of SBF, you might be asking? Their names are Joseph Bankman and Barbara Fried, and they are both law professors at Stanford University.
Both of these individuals are listed as signatories on a home located in Old Fort Bay, which they are said to be using as a “vacation home.” According to a spokesperson for the two professors, they have supposedly “been trying to return the property to FTX.”
This is a convenient story, is it not? Just as FTX collapses into the heap of criminality that it always was, the money-grubbing founder’s money-grubbing parents allege that they are suddenly trying to return the property as if they were innocent in all this.
It turns out that Barbara Fried is a law professor at Stanford who just so happens to also run a Democrat super PAC.
“Since before the bankruptcy proceedings, Mr. Bankman and Ms. Fried have been seeking to return the deed to the company and are awaiting further instructions,” Fried and Bankman’s spokesperson told Reuters.
Also unearthed in records from the Bahamas Registrar General’s Department are new details “for FTX, Bankman-Fried, his parents and some of the company’s key executives” exposing other property purchases that were made with stolen funds.
A unit of FTX called “FTX Property Holdings Ltd” bought about 15 properties collectively costing $100 million. These purchases occurred in both 2021 and 2022.
The headquarters of FTX, meanwhile, is now abandoned. The $4.5 million plot of land is apparently empty, which makes perfect sense in light of all that is being revealed.
“Will the IRS and the California Tax Authority take notice of this grift or are they too busy with the returns of regime opponents?” asked a commenter at Natural News about what comes, or should come, next for these criminals.
“It’s all Satanism,” wrote another. “The inversion of everything Godly and natural is taking place.”
“It’s called the Synagogue of Satan, according to the books of John,” interjected another, referring to the Holy Scriptures, including Revelation 2:9 which reads:
“I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.”
The latest news about the FTX scandal and the rest of the criminal world of finance can be found at Collapse.news.
Sources for this article include: