AG Confirms FTX Owns Property Taxes, But Government Has No Other Liabilities – Eye Witness News

Nassau, Bahamas — Attorney General Ryan Pinder yesterday said the firm did not apply on behalf of the government as a creditor of FTX, noting that the company owes the government property taxes.

Recently Filed 115 Page FTX Creditor List Multiple government departments listed as FTX creditors.

Mr Pinder said: I believe these creditors were voluntarily listed by FTX itself.The only government debt I know On FTX Matters, There Are Real Estate Taxes That May Be Charged On Real Estate You are guaranteed to be compensated at the right time. “

Court documents filed with the U.S. Bankruptcy Court show that one local bank, two law firms in the Bahamas and several brokerage firms were among the myriad of creditors involved in the collapse of cryptocurrency exchange giant FTX. About 100 Bahamian companies are included, including

Documents outlining a list of creditors were filed last week by FTX lawyers, saying the collapsed cryptocurrency exchange has taken over thousands of businesses around the world, from banks to charities, airlines, news outlets and government agencies. was found to be in debt to However, it does not state the amounts owed to individual creditors.

The Department of Treasury, Department of Public Works, Department of Environment and Natural Resources, Office of the Attorney General, and Department of Justice were listed.

Other local FTX creditors include Automated Services Ltd, A+ Pest Control, Automated Services Ltd Pyfrom Road, Bahamas Airport Advertising Ltd, Bahamas Asset Tracking Dowdswell Street, Bahamas Environmental Group Ltd, Bahamas Waste Limited Gladstone Battery & Tire Specialists, Cable Bahamas, Design Strong Studio, and more. , Fidelity Bank (Bahamas), Omega Motors, Transformations Landscape, and Viridian Development Group.

Several security firms were also listed, including Falcon Security Company, Park Ridge Security, Harding Security, and Long Watch Security Firm and Consultants. The law firm of Clement Maynard and Co and Glinton Sweeting O’Brien also appeared on his list of FTX creditors.

The Bahamas Reef Environmental Education Foundation (BREEF), an environmental non-profit organization, was also listed.

Last month, FTX founder and former CEO Sam Bankman-Fried pleaded not guilty in federal court in Manhattan, defrauding investors and illegally dumping vast amounts of customer deposits into his own Alameda Research crypto hedge fund. was prosecuted for diversion to For personal gain and to help grow his crypto empire.

Provisional trial date of October 2nd. His Bankman-Fried, 30, is under house arrest at his parents’ home in California on a bond of $250 million.

Bankman-Fried was arrested at an Albany apartment complex on December 12, 2022. Albany Hotel, Albany Resort and Albany Resort Operator Ltd are all listed as creditors of FTX.

Earlier this month, FTX Trading Ltd and its related U.S. debtors announced that they had agreed to “mutually cooperate” in recovery efforts with joint interim liquidators appointed by the Bahamas, citing numbers over access to critical information. ended a week-long court battle. A crumbling crypto empire. AG Confirms FTX Owns Property Taxes, But Government Has No Other Liabilities – Eye Witness News

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