Former Manhattan DA prosecutor Elliot Felig joins ‘Varney & Co.’ to discuss Sam Bankman-Fried’s fraud trial after the former FTX CEO was not offered a plea deal.
Images of FTX founder and former CEO Sam Bankman-Fried’s $35 million penthouse in the Bahamas submitted as exhibits for his criminal fraud trial show a lavish lifestyle on the water with a private pool, bar and wide-open living room with a full-size grand piano.
Bankman-Fried’s trial entered its third day Thursday, as the crypto-empire’s former leader faces several charges in connection to the collapse of FTX — once the second-largest crypto exchange in the world — after it was hit with a flood of withdrawals following reports the exchange merged assets with Alameda.
Customers lost billions as a result of the collapse, and federal prosecutors accuse Bankman-Fried of misleading lenders and investors, as well as stealing billions of dollars in customer funds to buy real estate, make political contributions and make up for losses at Alameda.
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Photo of Sam Bankman-Frieds $35 million penthouse in the Bahamas. (Fox News)
One piece of real estate owned by Bankman-Fried was a $35 million penthouse in the Bahamas, in what appears to be a marina and with a view of the ocean.
The top-floor penthouse included an outdoor pool with wicker lounge seats that could hold multiple people each, a hot tub that overflows into the pool and archways peeking out across the ocean.
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Sam Bankman-Fried’s $35 million penthouse had a pool with views of the ocean. (Fox News)
The images also show an outdoor TV from the view of a hot tub on the large patio, and a wide open living room with couches, a dining room table, more archways opening up to the outside and a grand piano.
The interior of Sam Bankman-Fried’s $35 million penthouse in the Bahamas. Photos were submitted as evidence in the former FTX CEO’s fraud and conspiracy trial. (Fox News)
A fully stocked bar is shown in the photos, as well as a room with white marble tile, a purple rug, purple sectional sofa and purple walls. The room also has a large-screen television, with two other televisions, one on each side of the larger one.
For art, the purple room has a Harry Potter movie poster on the wall.
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Photos of Sam Bankman-Fried’s $35 million penthouse in the Bahamas were submitted as evidence in a trial in which he faces several counts of fraud and conspiracy. (Fox News)
In his ongoing current trial, Bankman-Fried faces seven federal counts of fraud and conspiracy. The trial is expected to last about six weeks.
In March, Bankman-Fried has a second criminal trial scheduled against him, which addresses charges including campaign finance violations.
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He has acknowledged his company did not steal funds yet had inadequate risk management. Bankman-Fried has pleaded not guilty to all the charges.
Fox News Digital’s Breck Dumas contributed to this report.
