FTX Employees Bought Houses with Company Funds
What do you do when you have way too much money? Apparently just start buying properties with company funds. The filing states that FTX employees bought multiple properties using corporate money. Ray writes:
In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors. I understand that there does not appear to be documentation for certain of these transactions as loans, and that certain real estate was recorded in the personal name of these employees and advisors on the records of the Bahamas.
