DOJ Looks to Seize Sam Bankman-Fried’s FTX Private Jets (1)

The US on Wednesday notified FTX co-founder Sam Bankman-Fried that it’s going after two luxury jets that prosecutors claim are the proceeds of the multi-billion-dollar fraud he’s currently being tried for in Manhattan federal court.

Ownership of the jets, a Bombardier Global 5000 BD700-1A11 and an Embraer Legacy EMB-135BJ, is already the subject of litigation in FTX’s massive Delaware bankruptcy case. A Bahamian charter airline claims it bought the planes last year for $28.4 million, based on a handshake deal with Bankman-Fried, with financing from FTX.

US Marshals seized one of the jets, the Bombardier Global 5000, in February, according ...