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A group of financial renegades dropped speed, blithely swapped in and out of relationships with one another, and watched their boss play video games while pitching for a billion-dollar investment. Led by disgraced CEO and co-founder Sam Bankman-Fried, a year-old Californian known as SBF, the group pulled all-nighters while high on amphetamines at their retreat — which boasted six bedrooms, two elevators, manicured grounds, a golf course and a boat basin packed with super yachts.
That was not the Albany lifestyle that residents there signed up for. The typical dress was Ralph Lauren sport jackets. Sam and his group did not seem to fit the part. On an island paradise of moneyed traditionalists, SBF and some of his employees led a life allegedly fueled by drugs, vegetarian food and open sexuality.
Alameda reportedly lost billions of dollars through risky trades, which, according to the Wall Street Journal , allegedly led to customer funds being improperly transferred from FTX to Alameda.
I remember it all being very clean. He said he was unsure how much work was actually accomplished there. Sources reveal what really went on inside the Bahamas penthouse of disgraced FTX CEO Sam Bankman-Fried and his nine roommates -- including, allegedly, romantic entanglements and drug-taking. Bankman-Fried tweeted about taking both stimulants and sleeping pills. Caroline Ellison, who led Alameda Research and was an on-off girlfriend of Bankman-Fried, blogged about her expectations for polyamory.