SBF accused of even more shady moves

https://outlook.office.com/mail/inbox/id/AAQkADljY2I1ZjY1LTdkYWMtNDFiZC1hM2RmLTJlZTg3Nzc4ODA2MgAQAAWfhhX3m1lIl3vKkqq%2FWLU%3D SBF accused of even more shady moves Shady SBFEd Jones/Getty The temperature got cranked even higher on the hot water FTX founder Sam Bankman-Fried was already submerged in. FTX’s new management sued him and some of its other former execs this week, hoping to claw back over $1 billion of company funds. The collapsed crypto exchange claims the ex-execs misappropriated the money for “pet projects” and personal use such as… Gifting $10 million to Bankman-Fried’s father—cash that FTX believes is now being used to bankroll SBF’s legal defense. Routing $725 million in FTX stock to company executives who provided nothing in return that would justify the equity. Using $546.1 million to buy a stake in Robinhood. Perhaps most surprisingly, FTX also contends Bankman-Fried’s brother planned to tap into its budget to purchase the Pacific island nation of Nauru as a potential apocalypse hideaway. Other dodgy (alleged) acts: Separately, the Justice Department accused SBF of leaking the personal diaries of his ex, Caroline Ellison, to try to influence the criminal trial over his actions at FTX. Ellison was the CEO of Alameda Research, the FTX-affiliated crypto trading firm the company allegedly funneled customer funds to. She has already pleaded guilty to fraud and is a key witness against SBF. Prosecutors claim SBF, who has pleaded not guilty, leaked her candid notes about their relationship in order to portray her as a “jilted lover” who committed the crimes on her own.—SK