Sam Bankman-Fried’s hedge fund Alameda Analysis lists Jimmy Buffett’s Margaritaville Resort within the Bahamas and Amazon Net Providers as two of the biggest collectors it owes cash to, in line with chapter filings.
Alameda Analysis, which was based by Bankman-Fried and run by his ex-girlfriend Caroline Ellison, collapsed together with FTX earlier this month. FTX, the cryptocurrency alternate run by Bankman-Fried, imploded after loaning cash to Alameda in an unsuccessful effort to shore up its sister firm’s funds.
WHO IS CAROLINE ELLISON AND HOW DID SHE END UP AT CENTER OF FTX COLLAPSE?
The Margaritaville Seaside Resort in Nassau, Bahamas, is the fourth-largest creditor owed cash by Alameda, as chapter filings point out Alameda owed the resort a debt of $55,319.
Jimmy Buffett’s Margaritaville is a mother or father firm for greater than two dozen accommodations, resorts, and eating places within the U.S. and overseas. The Margaritaville franchise is known as after Buffett’s 1977 hit track “Margaritaville,” which extolled the virtues of a laid-back, tropical way of life and lamented misplaced love.
FTX and Alameda each had a presence within the Bahamas, though it is unclear how Alameda incurred the debt and Margaritaville did not instantly reply to a request for remark.
READ ON THE FOX BUSINESS APP
Bankman-Fried and Ellison have confronted withering criticism within the wake of FTX and Alameda coming into chapter, as their failure created a contagion within the crypto area that has dragged a number of different companies into chapter 11.
NEW FTX CEO HIGHLIGHTS ‘PERVASIVE FAILURES’ IN COURT FILING
FTX’s new CEO, John Ray III, blasted them in a chapter submitting for a “full failure of company controls” and added, “From compromised methods integrity to defective regulatory oversight overseas, to the focus of management within the arms of a really small group of inexperienced, unsophisticated and doubtlessly compromised people, this case is unprecedented.”
Amazon Net Providers is the biggest creditor listed within the chapter submitting and is owed $4,664,996 by Alameda. AWS is a subsidiary of Amazon that gives cloud computing platforms and APIs to shoppers.
One other notable creditor owed cash by Alameda is Bloomberg Finance LP, which is owed $80,526 and ranks because the third-largest creditor. Bloomberg Finance gives industrial providers, together with monetary software program and information.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Neither Amazon Net Providers nor Bloomberg Monetary responded to Fox Enterprise’ request for remark concerning the nature of the money owed owed to the businesses by Alameda.
Different collectors listed in Alameda’s chapter paperwork embody a number of regulation companies situated throughout the U.S. and in Australia, England, Panama, and South Korea.