The CEO in the Shadows
Sam Trabucco, a former CEO at Alameda Research, a crypto trading firm linked to Sam Bankman-Fried’s FTX, has avoided criminal charges and created a luxurious real estate portfolio, accumulating more than $25 million during the alleged massive fraud at FTX.
Trabucco’s Role in Alameda Research
Trabucco, at the age of 31, served as the co-CEO of Alameda Research while the firm was handling billions of dollars from FTX customer funds.
This financial operation eventually led to the downfall of both companies, with prosecutors labeling it as one of the largest frauds in US history.
His Involvement in Alleged Fraud
During his tenure at Alameda Research, Trabucco was allegedly involved in an illicit $150 million bribe to Chinese officials, a desperate move after China froze $1 billion of Alameda’s assets.
This shady transaction reportedly utilized accounts under the names of Thai prostitutes.
His Co-CEO Status and Civil Lawsuit
Trabucco shared the co-CEO role with Caroline Ellison, who was Bankman-Fried’s ex-girlfriend.
Despite significant evidence suggesting fraud took place during his leadership, Trabucco has not faced charges from prosecutors.
However, a civil lawsuit implicates him directly in the alleged fraudulent activities.
The suit characterizes him as part of Bankman-Fried’s “Inner Circle,” accusing them of making calculated misrepresentations about how FTX customer funds were used.
Enigmatic Disappearance
Trabucco has maintained a low profile since FTX’s collapse in November 2022. He has not made any public appearances or statements, and his whereabouts remain a mystery.
The Luxury Real Estate Portfolio
While evading criminal charges, Trabucco has invested in multimillion-dollar properties, including penthouse apartments in San Francisco and a two-bedroom apartment in Brooklyn.
His property acquisitions are in stark contrast to the legal turmoil surrounding the FTX scandal.
A Potential Deal with Prosecutors?
Speculation suggests that Trabucco may have struck a deal with prosecutors to provide testimony against Sam Bankman-Fried, who is currently on trial.
Such an arrangement could grant him immunity in exchange for aiding the prosecution in building a case against Bankman-Fried.
The Elusive Figure
Sam Trabucco’s uncharged status amid a massive scandal and property empire raises numerous questions about his role and potential involvement in the alleged fraud.
His silence and enigmatic disappearance have left many wondering about his future and possible legal consequences.
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