The government is going after two multimillion-dollar luxury jets linked to FTX founder Sam Bankman-Fried as it tries to claw back some of the money the alleged billion-dollar fraudster stole from clients and investors.
The pricey jets include a Bombardier Global 5000 and an Embraer Legacy EMB-135BJ, which cost $15.9 million and $12.5 million, according to a bankruptcy court filing this week.
GAETZ BLASTS BIDEN IMPEACHMENT AS PART OF ‘FOREVER WAR’ REPUBLICANS CAN’T WIN
The jets are also at the center of an international tug of war between Island Air Capital, the Bahamian company that owns them, FTX debtors, and the U.S. government.
The Embraer and Bombardier were originally purchased by IAC last year for $28.4 million, using “financing provided from FTX,” an unsecured, no-interest loan agreed to in a “handshake deal” between Bankman-Fried and IAC owner Paul Aranha.
The Bombardier Global was seized by U.S. Marshals in February. IAC has possession over the Embraer Legacy, though the government has also threatened to take that.
The government created …
Sam Bankman-Fried: Government going after two luxury jets linked to disgraced FTX founder
Posted in Economy