Sam “SBF” Bankman-Fried’s two multimillion-dollar luxury jets are now subject to forfeiture, according to a filing from the United States Department of Justice (DOJ) on Oct. 4.
The document states the possibility of forfeiture comes as a result of the “offenses described in Counts One through Four and Seven of Indictment 22 Cr. 673 (LAK),” which were brought against SBF.
The aircraft listed are a Bombardier Global and an Embraer Legacy. These two aircraft are currently at the heart of an ownership debacle between the government, FTX and the aviation company operating the jets, Island Air Capital, according to documents filed on Sept. 21 with the U.S. Bankruptcy Court for the District of Delaware.
In the arguments, the government said both aircraft are subject to forfeiture due to being purchased with fraudulent funds, while FTX says the loans used to purchase the jets were not documented.
In December 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against SBF, FTX and Alameda Research, accusing the latter parties of violating the Commodity Exchange Act. Accusations against SBF from the CFTC included that he “used FTX customer funds for a variety of personal expenditures,” one of which was the private…
