FTX filing shows company bought yacht for former co-CEO Sam Trabucco thumbnail
FTX filing shows company bought yacht for former co-CEO Sam Trabucco
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FTX filing shows company bought yacht for former co-CEO Sam Trabucco A recent filing from FTX’s Debtors shows company funds were used on internal cash payments to executives as well as direct transfers to the American Yacht Group. A recent filing from the FTX debtors, led by CEO John Ray III, revea
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Summary

A filing from FTX's Debtors revealed that company funds were used for personal cash transfers to executives and a yacht purchase for former co-CEO Sam Trabucco. The filing listed over $900 million in transfers to Sam Bankman-Fried, $15.5 million in cash transfers, and a $3.5 million transfer to ex-Alameda CEO Caroline Ellison. It also showed a $2.5 million payout to the American Yacht Group for Trabucco. Other Alameda staff mentioned in the documents include co-founder Gary Wang and former engineering director Nishad Singh, who have plead guilty and are expected to testify against Bankman-Fried.

Top Highlights

  • FTX filing shows company bought yacht for former co-CEO Sam Trabucco
  • A recent filing from FTX’s Debtors shows company funds were used on internal cash payments to executives as well as direct transfers to the American Yacht Group. A recent filing from the FTX debtors, led by CEO John Ray III, revealed how the executives of Alameda Research, the trading firm primarily owned by former FTX CEO Sam Bankman-Fried, benef...
  • Included within the list were over $900 million in transfers to Sam Bankman-Fried labeled simply as “Cash Payment,” $15.5 million in cash transfers, and a single $3.5 million transfer to ex-Alameda CEO Caroline Ellison. The list also showed a $2.5 million payout to the American Yacht Group for ex-Alameda co-CEO Samuel Trabucco. The trader said he ...
  • Other Alameda staff mentioned in the documents include co-founder Gary Wang and former engineering director Nishad Singh, who have both plead guilty and are expected to testify against Bankman-Fried as well as former FTX co-CEO Ryan Salame, who is not expected to testify.

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