ALAMEDA

Sam Bankman-Fried took naps on a bean bag while living with 9 other employees at a $35 million apartment in the Bahamas, a witness testified at the FTX founder's criminal trial. The witness, Adam Yedidia, who worked as a developer at FTX, testified that Alameda, the privately controlled hedge fund, paid for the apartment. He called it concerning."Because if they spend the money that belongs to FTX customers, then it's not there to give the FTZ customers should they withdraw," he said.

John J Ray III made the accusation in a report about the company which was filed with the Delaware Bankruptcy Court on Monday. He said Sam Bankman-Fried and one of the company's attorneys created "sham agreements" to make improper financial arrangements with Alameda look legitimate. The false agreement was then shown to investors as part of FTX's $400 million Series C fundraising, the CEO said.

Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, has been charged with bribery. In an indictment filed on Tuesday, the Department of Justice claims he directed a bribe of at least $40 million. The bribe was an alleged attempt to coerce Chinese officials into unfreezing some of the accounts associated with FTX’s sister company, Alameda.

Alameda 40, John F. Kennedy 32 Arrupe Jesuit 37, Jefferson 35 Belleview Christian 44, Denver Waldorf 24 Bennett 42, Platte Canyon 39 Berthoud 69, Valley 29 Caliche 43. Montview 45, Middle Park 27 Denver East 72, Thomas Jefferson 44 Erie 57, Rocky Mountain 40 Falcon 46.

FTX filed for bankruptcy after a wave of withdrawals crippled the exchange and sister hedge fund Alameda. Founder and ex-CEO Sam Bankman-Fried was indicted on fraud and money laundering charges in December.

Sam Bankman-Fried is under house arrest at his parents’ home in Palo Alto, California. He pleaded not guilty to multiple federal counts of fraud and conspiracy related to the collapse of his crypto empire. He places blame squarely on Alameda, the crypto hedge fund he founded in 2017.

Sam Bankman-Fried denied any role in the recently reported transfers of funds involving Alameda. A federal judge sided with prosecutors and blocked him from accessing Alameda and FTX assets.

SBF may be sent to jail for more than 100 years for his fraud where he lost more than 8 billion dollars of customers in the FTX scam. SBF found several sham companies like Alameda that swindled customers' funds in FTX.

SBF may be sent to jail for more than 100 years for his fraud where he lost more than 8 billion dollars of customers in the FTX scam. His bankrupt crypto exchange FTX is involved in the biggest crypto scam. SBF found several sham companies like Alameda that swindled customers' funds.