As part of FTX’s bankruptcy court proceedings, the exchange’s new management has – to the best of their ability – produced a balance sheet containing all expenses filed on behalf of the FTX Group’s C-Suite.

Some of these expenses were already known to the public, such as the infamous purchase of Robinhood shares for SBF and Gary Wang.

However, some of the expenses listed in the 57-page document have never been revealed before.

Purchased Shortly Before His Departure

According to the court documents filed by FTX’s legal team, $2,513,000 was transferred to the American Yacht Group to the benefit of John Samuel Trabucco on the 11th of March, 2022.

A mere six months later, Sam Trabucco announced his departure from the company on X, where he also laid out his plans for the near future. Although Trabucco planned to stay on as an advisor, he also opted to take it easy for a few months, enjoying the new boat that he had allegedly purchased.

“What other things? I’m really not sure, exactly. Lately I’ve been really happy, spending a lot of time traveling, visiting friends and family, working on “myself” and whatnot. Also I bought a boat, that’s been cool. I needed to relax, and I’m really, really happy.”

Trabucco was promptly congratulated for his service at Alameda by his co-CEO, Caroline Ellison – who also wished him lots of fun on his boat.

It’s been an incredibly formative experience working with @AlamedaTrabucco. I’ve missed having him around in recent months, but I’m proud of all the other Alameda employees who have stepped up and more excited than ever about our future. I hope he has a great time on his boat! https://t.co/HqA2gz0FvL

— Caroline (@carolinecapital)