Fallen FTX boss spent lavishly in Bahamas while allegedly misusing customer funds

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Fallen FTX boss spent lavishly in Bahamas while allegedly misusing customer funds
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Sam Bankman-Fried spent a massive amount of money in his year in the Bahamas — before his crypto empire collapsed and declared bankruptcy earlier this month.

A photo taken Nov. 19, 2022, in Nassau, Bahamas, shows a view of the building site where the new FTX offices were poised to be built.Crews rake the beaches every time the tide drops to clear away seaweed and other debris. A pile of sand near the jetty is used to freshen up the narrow beachfront.

A passing yachtsman said he used to run into Bankman-Fried, who has his own 52-foot, multimillion-dollar HCB vessel, regularly. "Since all that happened, nobody’s seen him," he told Fox News Digital. "I park my boat right there. Used to see him every day." The grounds of the Albany are closed off to the public. Restaurants, clubs and other venues inside are for members only; however, FTX employees were said to appear all over the island prior to the collapse.

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