SBF Spent On Celebs, Pols As Bankruptcy Loomed, Jury Told

By Rachel Scharf · October 16, 2023, 7:05 PM EDT

FTX's former head of engineering told a Manhattan federal jury on Monday that Sam Bankman-Fried shelled out money to celebrities and lawmakers even after fraudulently burning a multibillion-dollar hole in the...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.

Case Number

1:22-bk-11068

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.

View Full Scorecard

Related Sections

Case Information

Case Title

USA v. BANKMAN-FRIED

Case Number

1:22-cr-00673

Court

New York Southern

Nature of Suit

Date Filed

December 09, 2022

Recent Articles By Rachel