More on FTX and Sam Bankman-Fried--yes, there's more

We haven't heard much lately on the now defunct crypto exchange FTX demise and its former head, Sam "Chubby Big" Bankman-Fried.

Well it looks like FTX now owes Jimmy Buffett's Margaritaville resort a hair under $600,000, or more than ten times what was previously believed. And just prior to declaring its bankruptcy, they racked up a DoorDash tab of around $400,000, according to court papers.

In November, FTX’s investment affiliate Alameda Research was reportedly sought after by Margaritaville resort in the Bahamas over a $55,319 bar tab, but that wasn't accurate. The court papers showed on Wednesday that the resort is claiming FTX owes them $599,409 according to Insider. 

Bloomberg reported that FTX employees reportedly stayed “for weeks or months” in about 20 suites at One Particular Harbour — a luxury tower connected to the main Margaritaville resort, named after a line in the song "Margaritaville" by Buffett, whose fans are known as "Parrotheads."

Resort staffers said workers from the since-imploded firm would pile into a shuttle bus in the morning and return to Margaritaville after their dizzy workday at the company’s Bahamas-based headquarters, according to reports.

FTX’s officers were located on the other side of the island and the trip reportedly took roughly 30 minutes.

Meanwhile, court filings this week also show that investment arm Alameda Research racked up a $403,765 Doordash bill in the months leading up to the crypto giant’s spectacular implosion. No wonder Sam, et al were so chubby a soft.

Former employees previously told the Financial Times that FTX US was given $200 per day toward DoorDash food delivery, along with free groceries, barbershop pop-up and bi-weekly massages. Two hundred dollars a day? 

These were only 75 employees. What the hell were they eating? And did the bi-weekly massages have 'happy endings,' because the company sure didn't.

Alameda Research still has an outstanding Doordash balance of $46,239, court papers show.

Lawyers handling the Chapter 11 case say Bankman-Fried had a $65 billion line of credit as his “personal piggy bank,” which he used to fund spending on real estate and Democrat donations, meaning FTX could not cover all its customer withdrawals.

Bankman-Fried and his associates also utilized company funds to purchase $300 million in luxury real estate in the Bahamas and several high-end properties in the exclusive Albany community, FTX attorneys revealed. 

Bankman-Fried is now under house arrest at his mommy and daddy's home in Palo Alto, California. He is out on a $250,000,000 bond as he awaits trial on fraud and conspiracy charges while the so-called QAnon Shaman, Jacob Chansley is serving 4 years in prison for being escorted and shown around the Capitol Building by US Capitol Police.

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