FTX filing shows company bought yacht for former co-CEO Sam Trabucco | Headlines | News | CoinMarketCap

09/02/2023 23:39
FTX filing shows company bought yacht for former co-CEO Sam Trabucco | Headlines | News | CoinMarketCap

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 …

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, benefitted from personal cash transfers of company funds.

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 had recently bought a boat when he announced his resignation from the company a few months before it collapsed. "I hope he has a great time on his boat!" said Ellison at the time.

Other Alameda staff …

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