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As part of FTX’s bankruptcy court proceedings, the exchange’s new management has – to the best of its ability – prepared a balance sheet that includes all expenses filed on behalf of FTX Group’s C-Suite.
Some of these expenses were already known to the public, such as the infamous purchase of Robinhood shares for SBF and Gary Wang.
However, some of the expenses listed in the 57-page document have never been disclosed before.
bought shortly before their departure
According to court documents filed by FTX’s legal team, $2,513,000 was transferred to American Yacht Group on March 11, 2022, for the benefit of John Samuel Trabuco.
Just six months later, Sam Trabucco announced his departure from the company on X, where he also revealed his plans for the near future. Although Trabucco had planned to remain as a consultant, he reportedly opted to take it easy for a few months while enjoying the new boat he had purchased.
“What other things? I’m not really sure, exactly. I’ve been really happy lately, spending a lot of time traveling, meeting friends and family, working on “myself” and other things. I’ve had a Bought a boat too, it’s been great. I need to rest, and I’m really happy.”
Trabuco was immediately congratulated on his service to Alameda by his co-CEO, Carolyn Allison – who also wished him lots of fun aboard his boat.
Working with him has been an incredibly formative experience @alamedatrabuco, I’ve missed being around them in recent months, but I’m so proud of all the other Alameda employees who have come forward and are more excited than ever about our future. I hope he had a great time on his boat!
— Caroline (@carolinecapital) 24 August 2022
whereabouts still unknown
Since the collapse of the FTX Group, not much has been heard about Trabuco’s whereabouts. His last known interaction with the public internet was on November 8, when he wished FTX lenders well before going radio silent.
Lots of love everyone – I’m sure the past few days have been dark for many and I hope the road ahead is bright.
— Sam Trabucco (@AlamedaTrabucco) 8 November 2022
Ironically, this tweet was made only two days after an unfortunate attempt to quell the FUD shortly before the collapse of FTX.
It’s surprising how quickly people 100% believe every bad “news” story they see.
— Sam Trabucco (@AlamedaTrabucco) 6 November 2022
Since then, Trabuco has been off the grid. It is worth noting that like Constance Wang – who has since been hired by SGC – and former FTX US President Brett Harrison, he has not been formally accused of any wrongdoing.
Furthermore, if local news outlets are to be believed, Trabuco was never actually a part of the SBF’s inner circle, which would be enough to raise reasonable doubt as to whether the former co-CEO had stepped down before the matter heated up. had previously left the ship or whether he wished to leave. The company was honest.
Since October, Trabuco has reportedly been roaming in international waters and staying off the radar.
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