Sam Bankman-Fried, founder of FTX and Alameda Capital, is accused of effectively embezzling customer money to fund his hedge fund’s losses, his other investments, and his own spending. He’s also accused of fraud for pitching investors on the superior risk controls in place on his crypto exchange, while exempting his own accounts from those same controls.
He waived extradition and returned from the Bahamas to the U.S. Bail was set at an almost-unprecedented $250 million (Bernie Madoff’s bail was $10 million). The court deemed him so infamous that he wouldn’t be able to travel unrecognized. That turns out to be true.
His parents put up the equity in their home, among other contributions to his bond, and he was released under numerous conditions. He has to confine himself to his parents’ home. To get there he flew New York JFK – San Francisco, presumably in American Airlines business class, because he was spotted in American’s JFK Greenwich lounge.
One of my followers spotted SBF chilling at JFK airport last night and snapped some icon photos pic.twitter.com/0Lg6OdqZz8
— litquidity (@litcapital) December 23, 2022
The American Airlines Arena in Miami is what FTX bought naming rights for. And American Airlines did issue its first NFT nearly a year ago!
Now that British Airways has moved into JFK’s terminal 8 with American, they’re jointly operating three lounges, and the Greenwich lounge is the business class lounge. It’s made out of the old Flagship lounge, and being renovated to include the old Admirals Club in the same location as well as the old Flagship First Dining. The buffet in Greenwich is the same as in the oneworld emerald Soho lounge. Hopefully Sam enjoyed the vegan options, and collected the Loyalty Points.
Greenwich Lounge Buffet
Bankman-Fried was accompanied by FBI agents. He can be seen in the photograph working on the laptop transferring FTT to fund his bond and defense costs. After losing $8 billion in customer funds, though, you’d think he might have flown to the West Coast to move back in at his parents’ house in coach?
Update: Here he is on board American: (HT: @airpods_one)
SBF en route to his parents’ house. Beanie is an excellent disguise, ser. pic.twitter.com/NHZ8uZg24a
— Tiffany Fong (@TiffanyFong_) December 23, 2022