Sam said at the Dealbook Summit that the house with his parent's name was actually meant for FTX employees. Reuters reported that Joseph and Barbara have since tried to return the deed.

This was just one of many properties that the company owned in the Bahamas. Reuters reports that "one of the company's units spent $300 million in the Bahamas buying homes and vacation properties for its senior staff, and that FTX was run as a 'personal fiefdom' of Bankman-Fried."