FTX executives, former CEO Sam Bankman-Fried, and his parents bought at least 19 real estate properties in the Bahamas worth $121 million prior to the blowup of the once-mighty company, according to a report by Reuters.
Reuters reviewed official property records, which showed that FTX Property Holdings Ltd, a subsidiary of FTX, bought mostly luxury beachfront homes, including seven condominium properties in Albany, an expensive 600-acre oceanside resort community.
These properties cost $72 million and were reserved as a “residence for key personnel,” but it’s currently unknown who was staying there.
Other high-profile purchases include a $30 million penthouse in Albany bought by Ryan Salame, the president of FTX Property, and three $950,000-$2 million condominiums at One Cable Beach purchased by Bankman-Fried, Nishad Singh, the ex-head of engineering at FTX, and Gary Wang, co-founder of FTX. These condominiums might be…
