SBF Made $9 Billion Disappear. This Forensic Accountant Found It

  • SBF Made $9 Billion Disappear. This Forensic Accountant Found It

    Posted by metta on October 23, 2023 at 2:51 am

    SBF Made $9 Billion Disappear. This Forensic Accountant Found It


    Customer funds peaked at FTX in June of 2022 when $11.3 billion was supposed to be held at Alameda Research, but its bank accounts only held $2.3 billion. Easton found customer funds lost their backing as early as March 2021.

    Easton says customer funds were invested in Anthony Scaramucci’s SkyBridge Capital and Lily Zhang’s Modulo Capital. Modulo Capital returned $404 million to FTX in March of 2023 saying the funds had been wrongly transferred. FTX customers also unknowingly funded a $550 million investment into Genesis Digital Assets, a crypto mining firm, not to be confused with the other Genesis making crypto news the same day.

    Former Alameda Research employee Aditya Baradwaj published a full list of SBF’s political donations that surfaced in the trial, which totaled $133 million. The list includes a $10 million gift to SBF’s father, Joseph Bankman, tens of millions of dollars to Republican and Democratic super PACs, and donations to various charities.”

    https://gizmodo.com/sbf-made-billions-disappear-forensic-accountant-found-1850942819

    metta replied 4 months, 1 week ago 1 Member · 0 Replies
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