Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

FTX Founder Sam Bankman-Fried Took $1 Billion Loan from His Hedge Fund Before Declaring Bankruptcy

by November 18, 2022
November 18, 2022
FTX Founder Sam Bankman-Fried Took $1 Billion Loan from His Hedge Fund Before Declaring Bankruptcy

Sam Bankman-Fried’s FTX lent out billions of dollars in customer funds to Bankman-Fried’s hedge fund, Alameda Research. Then Alameda gave a $1 billion loan to Bankman-Fried himself and a $543 million loan made to FTX cofounder Nishad Singh.

That was before the company went bankrupt.

So Bankman-Fried is will not be hitting the soup line anytime soon.

The CEO of now-bankrupt FTX admitted last week that FTX was nothing more than a laundromat for the Ukrainian government.

TGP previously reported the US was transferring money to Ukraine and then laundering money through FTX back from Ukraine to the Democrat party.

Democrats’ “Newest Megadonor” Loses Billions As Crypto Exchange Fails — “Dot-Com Bust Level Event”

Breitbart.com reported:

Disgraced cryptocurrency exchange FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund Alameda Research, which likely sourced the money from FTX customer funds.

On Thursday, it was revealed by FTX’s new CEO John Ray, III that the collapsed company’s bankruptcy filing shows it had lent billions of dollars in customer funds to Alameda Research. Among those loans, a staggering $1 billion was made to Bankman-Fried himself.

According to Ray, Alameda had made $4.1 billion of related-party loans, which were still outstanding at the end of September.

In addition to the $1 billion loan that was made to Bankman-Fried, FTX co-founder Nishad Singh received a $543 million loan, and the company’s co-CEO Ryan Salame received a $55 million loan.

But this was not the only wild and shocking revelation found in the FTX bankruptcy filing. FTX corporate funds were also used to buy personal homes, audit opinions were conducted from the metaverse, and most of the company’s digital assets have not been secured, among other things.

The post FTX Founder Sam Bankman-Fried Took $1 Billion Loan from His Hedge Fund Before Declaring Bankruptcy appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Welcome to Reality: Sad Liberal Twitter Employee Who Smarted Off to Elon Musk Is Fired
next post
Pregnant Theranos Founder Elizabeth Holmes Sentenced to 11 Years in Prison for Criminal Fraud

You may also like

Here are the massive tax increases coming your...

April 15, 2024

House Republicans say US needs to avoid government...

November 8, 2023

Republican who backed McCarthy votes ‘present’ in fourth...

January 4, 2023

“The Radical Left Democrats Are Out-of-Control, and Our...

October 1, 2022

Trump offers to help India, Pakistan amid growing...

May 7, 2025

Biden Chief of Staff Ron Klain Threatens Americans...

November 3, 2022

As Democrats lean on Jan 6, critics argue...

December 22, 2023

Six in 10 Democrats say Israel bears ‘a...

October 30, 2024

39-Year-Old Police Officer in Minnesota Dies Suddenly at...

September 17, 2022

How presidents have spent their Christmases in office:...

December 25, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,567)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved