Barnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
The government is going after two multimillion-dollar luxury jets linked to FTX founder Sam Bankman-Fried as it tries to claw back some of the money the alleged billion-dollar fraudster stole from clients and investors.
The Embraer and Bombardier were originally purchased by IAC last year for $28.4 million, using"financing provided from FTX," an unsecured, no-interest loan agreed to in a"handshake deal" between Bankman-Fried and IAC owner Paul Aranha. The government created waves in the crypto world after it took other disputed assets in the wake of FTX's implosion. In January, it seized a chunk of Robinhood shares worth nearly $500 million that Bankman-Fried, FTX, and BlockFi have claimed they are still entitled to.
Bankman-Fried's criminal trial began this week. Federal prosecutors claim he siphoned billions of dollars from unsuspecting customers to fund a lavish lifestyle and then lied to cover his tracks. Bankman-Fried, 31, is facing seven criminal charges, including money laundering and securities fraud. If convicted on all charges against him, he could be sentenced to 110 years in prison.
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