DOJ Seeks Forfeiture of Bankman-Fried's Luxury Jets amid Ongoing FTX Fraud Trial
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The DOJ says Bankman-Fried's 2 luxury jets purchased via FTX are subject to forfeiture due to charges against him.
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The jets are a Bombardier Global and an Embraer Legacy, currently disputed in ownership between gov't, FTX, and an aviation company.
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In Dec 2022, the CFTC accused SBF of using FTX customer funds for personal expenditures like the jets.
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This filing comes as SBF is on trial for charges related to FTX's fall in Nov 2022, to which he's pleaded not guilty.
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The trial began on Oct 3; DOJ portrayed SBF as deceiving investors to get rich, while defense argued his business plans just didn't work out.