{"id":519338,"date":"2022-12-01T18:39:39","date_gmt":"2022-12-01T15:39:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/parents-16-4m-bahamas-home-meant-for-ftx-staff\/"},"modified":"2022-12-01T18:39:39","modified_gmt":"2022-12-01T15:39:39","slug":"parents-16-4m-bahamas-home-meant-for-ftx-staff","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/parents-16-4m-bahamas-home-meant-for-ftx-staff\/","title":{"rendered":"#Parents&#8217; $16.4M Bahamas home meant for FTX staff"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4129b54c3c6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4129b54c3c6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/parents-16-4m-bahamas-home-meant-for-ftx-staff\/#%E2%80%9CParents_164M_Bahamas_home_meant_for_FTX_staff%E2%80%9D\" >&#8220;Parents&#8217; $16.4M Bahamas home meant for FTX staff&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CParents_164M_Bahamas_home_meant_for_FTX_staff%E2%80%9D\"><\/span>&#8220;Parents&#8217; $16.4M Bahamas home meant for FTX staff&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Sam Bankman-Fried claimed he didn\u2019t know how a $16.4 million Bahamas mansion got listed under his parents\u2019 names, insisting that it was meant to house staffers at his now-defunct FTX cryptocurrency exchange.<\/p>\n<p>\u201cI don\u2019t know the details of the house for my parents,\u201d Bankman-Fried told the New York Times\u2019 Andrew Ross Sorkin via Zoom at the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>paper\u2019s DealBook summit event in New York City on Wednesday. <\/p>\n<p>\u201cI know it was not intended to be their long-term property. It was intended to be the company\u2019s property. I don\u2019t know how that was papered in.\u201d<\/p>\n<p>Bankman-Fried\u2019s parents, Stanford University law professors Joseph Bankman and Barbara Fried, were listed as the owners of a home in a gated community on the Bahamas.<\/p>\n<p>Property records described the house as a \u201cvacation home,\u201d according to Reuters, which was the first to report the news.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/albany_bahamas.jpg?w=1024\" alt=\"Joseph Bankman and Barbara Fried are listed as the owners of a $16.4 million home in the Bahamas.\" class=\"wp-image-24854128\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/albany_bahamas.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/albany_bahamas.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/albany_bahamas.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Joseph Bankman and Barbara Fried are listed as the owners of a $16.4 million home in the Bahamas.<\/figcaption><figcaption><span class=\"credit\">Albany Bahamas<\/span><\/figcaption><\/figure>\n<p>The home was part of a massive, $121 million spending spree on pricey real estate on the island by Bankman-Fried\u2019s company.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>A spokesperson for the couple told Reuters that they had long been in the process of returning the deeds to the home to FTX.<\/p>\n<p>\u201cThey may have stayed there while working with the company sometime over the last year,\u201d Bankman-Fried told Ross Sorkin at the DealBook summit.<\/p>\n<p>Bankman-Fried said Wednesday that there were \u201ca lot of property purchases in the Bahamas.\u201d<\/p>\n<p>He said the homes were meant to accommodate scores of Silicon Valley workers who relocated to the Bahamas to work for FTX.<\/p>\n<p>\u201cWe were trying to incentivize that and to make sure that they had an easy way to find a comfortable life,\u201d Bankman-Fried said.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"1019\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/joseph-bankman.jpg?w=1024\" alt=\"Joseph Bankman, Bankman-Fried's father, is a Stanford University expert of tax law.\" class=\"wp-image-24854129\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/joseph-bankman.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/joseph-bankman.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/joseph-bankman.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Joseph Bankman, Bankman-Fried\u2019s father, is a Stanford University expert on tax law.<\/figcaption><figcaption><span class=\"credit\">Stanford University<\/span><\/figcaption><\/figure>\n<p>He told Ross Sorkin on Wednesday that he no longer lives in a luxury Bahamas penthouse said to be worth $40 million. It had been reported previously that Bankman-Fried was among 10 FTX staffers who cohabitated at the residence.<\/p>\n<aside class=\"single__inline-module alignleft\">\n    <\/aside>\n<p>\u201cI don\u2019t live there now,\u201d Bankman-Fried said Wednesday. <\/p>\n<p>\u201cI have not lived there for most of the time.\u201d<\/p>\n<p>Bankman-Fried, whose net worth was valued as high as $16 billion before FTX filed for bankruptcy, also claimed on Wednesday that he has just $100,000 left in his bank account after the\u00a0implosion of his cryptocurrency empire.<\/p>\n<p>He attempted to distance himself from suggestions of fraud in his first public <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>earance since his\u00a0company\u2019s collapse stunned investors\u00a0and left creditors facing losses totaling billions of dollars.<\/p>\n<p>Bankman-Fried said he was speaking at the DealBook summit against the\u00a0advice of his lawyers.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1017\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/barbara-fried.jpg?w=1017\" alt=\"Barbara Fried is pictured above. A spokesperson for the couple said they have long bee in the process of returning the deed to the home back to the company.\" class=\"wp-image-24854130\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/barbara-fried.jpg?quality=75&amp;strip=all&amp;w=1525 1525w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/barbara-fried.jpg?quality=75&amp;strip=all&amp;w=1017 1017w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/barbara-fried.jpg?quality=75&amp;strip=all&amp;w=508 508w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/barbara-fried.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 1017px) 100vw, 1017px\"\/><figcaption>Barbara Fried is pictured above. A spokesperson for the couple said they have long been in the process of returning the deed to the home to the company.<\/figcaption><figcaption><span class=\"credit\">Stanford University<\/span><\/figcaption><\/figure>\n<p>He said he did not knowingly commingle customer funds on FTX with funds at his proprietary trading firm, Alameda Research.<\/p>\n<p>The liquidity crunch at FTX came after\u00a0Bankman-Fried\u00a0secretly moved $10 billion\u00a0of FTX customer funds to Alameda Research, Reuters reported, citing two people familiar with the matter. <\/p>\n<p>At least $1 billion in customer funds has vanished, the people said.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/12\/01\/sam-bankman-fried-parents-16-4m-bahamas-home-meant-for-ftx-staff\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Parents&#8217; $16.4M Bahamas home meant for FTX staff&#8221; Sam Bankman-Fried claimed he didn\u2019t know how a $16.4 million Bahamas mansion got listed under his parents\u2019 names, insisting that it was meant to house staffers at his now-defunct FTX cryptocurrency exchange. \u201cI don\u2019t know the details of the house for my parents,\u201d Bankman-Fried told the New&#8230;<\/p>\n","protected":false},"author":1,"featured_media":519339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/newspress-collage-24852970-1669908565890.jpg?quality=75&strip=all&1669890651&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,135234,89897,136509,4978,76127],"class_list":["post-519338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-ftx","tag-sam-bankman-fried","tag-12-1-22","tag-bankruptcy","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/519338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=519338"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/519338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/519339"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=519338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=519338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=519338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}