In April of 2022, Guardians Against Pandemics, a nonprofit group partly funded by FTX founder Sam Bankman-Fried and run by his brother, Gabe, bought a posh townhouse a short distance from the U.S. Capitol. They paid $3,289,000 for the place, intending to use the 3,762 square foot home to serve as a base for the FTX crew to wine and dine the political elite.
As we know, things changed radically for Bankman-Fried. The founder and CEO of the cryptocurrency exchange, once named the 41st richest American in the Forbes 400, had an estimated net worth of $10.5 billion in October 2022, before his wealth evaporated.
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