SBF's $1B forfeited assets include private jets, political donations: Court

Politics and Government Politics and Government

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SBF's $1B forfeited assets include private jets, political donations: Court

^{Published on 2025-02-19 15:00:49 - MSN}

A court document from a US District Court shows the extent of Sam "SBF" Bankman-Fried's accumulated property forfeited: roughly $1 billion in assets, including two private jets, many political donations,

Sam Bankman-Fried (SBF), the former CEO of the now-defunct cryptocurrency exchange FTX, has agreed to forfeit over $1 billion in assets as part of his sentencing for fraud and conspiracy charges. These assets include two private jets, a $2.2 million yacht, and significant political donations amounting to $100 million. The forfeiture also covers cash, investments, and other properties. This action follows his conviction on seven counts related to the misuse of customer funds at FTX, which led to the company's bankruptcy. The court documents reveal that these assets were either directly or indirectly acquired through the fraudulent activities at FTX. The forfeiture is part of a broader effort to compensate victims and recover funds lost in the collapse of FTX.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/sbf-s-1b-forfeited-assets-include-private-jets-political-donations-court/ar-AA1znJvo ]

N@N

SBF's $1B forfeited assets include private jets, political donations: Court