Prosecutors May Seize Luxury Jets Owned by Sam Bankman-Fried As Part of Asset Recovery Efforts
Two luxury jets owned by Sam Bankman-Fried, but never used by him, could be forfeited as U.S. prosecutors attempt to recover assets. The Department of Justice listed the Bombardier Global and Embraer Legacy aircraft as potential assets to be seized from Bankman-Fried, who is currently on trial for fraud and conspiracy charges. The ownership of the planes is disputed between the DOJ and FTX, with the government claiming they were purchased with fraud proceeds.
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Prosecutors May Seize Luxury Jets Owned by Sam Bankman-Fried As Part of Asset Recovery Efforts
Two luxury jets owned by Sam Bankman-Fried, but never used by him, could be forfeited as U.S. prosecutors attempt to recover assets. The Department of Justice listed the Bombardier Global and Embraer Legacy aircraft as potential assets to be seized from Bankman-Fried, who is currently on trial for fraud and conspiracy charges. The ownership of the planes is disputed between the DOJ and FTX, with the government claiming they were purchased with fraud proceeds.