Prosecutors Target FTX Founder Bankman-Fried's Luxury Jets In DOJ Forfeiture Action

Zinger Key Points
  • The Department of Justice's forfeiture bill identifies the aircrafts with specific registration details.
  • Both aircrafts, reportedly owned by Bankman-Fried, have never been utilized by the entrepreneur.

U.S. prosecutors have set their sights on two luxury aircraft believed to be associated with  former FTX FTT/USD CEO and founder Sam Bankman-Fried.

These jets, although reportedly owned by Bankman-Fried, have never been utilized by the disgraced entrepreneur.

This revelation comes ahead of the much-anticipated Benzinga's Future of Digital Assets conference on Nov. 14, where discussions on the evolving landscape of digital assets are expected to take center stage.

The Department of Justice's forfeiture bill, filed on Wednesday, specifically identifies a Bombardier Global 5000 BD-700-1A11 aircraft and an Embraer Legacy EMB-135BJ aircraft as potential assets for seizure.

Also Read: Sam Bankman-Fried's Crypto Trial Advances With Juror Dismissals

Both aircraft are detailed with their respective registration numbers and manufacturer serial numbers.

The document cites the offenses described in multiple counts of the indictment against Bankman-Fried.

The potential forfeiture is in line with various U.S. codes pertaining to property subject to confiscation as a result of offenses.

U.S. Attorney Damian Williams and Assistant U.S. Attorney Samuel L. Raymond are overseeing the case, as indicated in the Oct. 4 court filing.

Read Next: DOJ: SBF's Compliance With Other Regulations Isn't Evidence Of General Good Faith

Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event  Future of Digital Assets. Tickets are flying  get yours!

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Posted In: CryptocurrencyNewsLegalTop StoriesMarketsBombardier Global 5000cryptocurrency regulationsDepartment of JusticeDigital AssetsEmbraer Legacy EMB-135BJLuxury jetsNew York District CourtSam Bankman-FriedU.S. prosecutors
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