Did Bankman-fried get a loan from Alameda?

A loan of $1 billion went directly to Bankman-Fried, the filing said, while $2.3 billion went to Paper Bird Inc., which he owns a majority stake in. Other employees at FTX also received loans from Alameda, including $543 million to head of engineering Nishad Singh and $55 million to head of FTX digital markets Ryan Salame.

Why did Sam Bankman-fried resign?

The platform's founder and CEO Sam Bankman-Fried also resigned after he failed to raise billions to stave off collapse as traders rushed to withdraw $6 billion in just 72 hours. John J. Ray III, a restructuring expert who oversaw the liquidation of US energy giant Enron in 2001, has been appointed to take over as CEO.

What happened to Alameda Bankman-fried & Sam Trabucco?

Bankman-Fried stepped down as CEO of Alameda in October 2021 and ceded the role to Caroline Ellison and Sam Trabucco, who acted as co-CEOs until Trabucco departed the firm in August.

Who is Sam Bankman-fried?

FTX/Handout via REUTERS/File Photo Dec 13 (Reuters) - FTX founder Sam Bankman-Fried was arrested in the Bahamas on Monday and charged by the U.S. Department of Justice on Tuesday with defrauding investors in what regulators called a "brazen, multi-year scheme" that ended when his empire filed for bankruptcy last month.