Penthouse to Prison: An FTX Dispatch from the Bahamas
The saga of Sam Bankman-Fried, former CEO of FTX, is unfolding every day like a TV drama. After his crypto company imploded in November, the 30-year-old was arrested in the Bahamas on charges of wire fraud and money laundering, and could face up to 115 years in prison.
SBF, as he’s often called, was denied bail and is now awaiting extradition in Fox Hill, the only prison on the Bahamas. It’s a short drive from his $30 million penthouse on the island, but a long way from the life of luxury he once enjoyed.
Back at the end of November, as SBF’s empire fell apart, Brazen reporter Georgia Gee got a rare glimpse inside Albany, the upscale resort where he and FTX were based. In this Brazen Presents dispatch, Georgia shares what she found there — and how locals are reacting to the scandal.
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