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At least $7 million in downtown real estate and restaurant holdings could be targeted following the FTX blowup.
Federal prosecutors allege new aspect of the fraud case against Sam Bankman-Fried: That he and two other possible co-conspirators illegally gave $72 million to Democrats and Republicans in the runup to last November’s elections.
The Sandisfield native associated with disgraced FTX founder Sam Bankman-Fried’s bankrupt bitcoin exchange is lying low as investigations and court cases take their course. But his marquee Lenox restaurants are operating as usual.
While it's difficult to avoid speculation, we must have the patience to resist conclusively condemning or exonerating Mr. Salame; only the complete facts can do that.
Who is Ryan Salame? People who grew up with him in the Berkshires say they're not surprised he blew the whistle on FTX founder Sam Bankman-Fried for alleged fraud.
Ryan Salame, who was co-CEO of FTX Digital Markets, informed Bahamian securities regulators in the days before FTX collapsed that Samuel Bankman-Fried may have funneled customers' investments to his hedge fund, Alameda Research. The filing is the first indication to emerge of the role that Salame was playing within the company.
It’s “business as usual” at his two operating restaurants in Lenox, the Olde Heritage and Firefly. The outcome for the rest of the properties remains to be seen.
A man who grew up on Benedict Road in Pittsfield, son of a plumber, now leads the bankrupt FTX Trading Ltd., giving Berkshire County a second connection to the largest cryptocurrency collapse in history.
The "exotic" property was acquired to house “key” company personnel. The transaction involving Ryan Salame was the largest of a string of recent purchases by FTX Property Holdings Ltd. on New Providence island in the Bahamas.
Those lessons are landing hard around the country, from D.C. to Wall Street to FTX's compound in the Bahamas. Hopefully they don't land too hard here in our Berkshire backyard, but we'll be watching closely in downtown Lenox to see if that's the case.
