FTX’s Alameda Analysis owes Jimmy Buffett’s Margaritaville, Amazon Net Companies

Sam Bankman-Fried’s hedge fund Alameda Analysis lists Jimmy Buffett’s Margaritaville Resort within the Bahamas and Amazon Net Companies as two of the biggest collectors it owes cash to, in line with chapter filings.

Alameda Analysis, which was based by Bankman-Fried and run by his ex-girlfriend Caroline Ellison, collapsed together with FTX earlier this month. FTX, the cryptocurrency trade run by Bankman-Fried, imploded after loaning cash to Alameda in an unsuccessful effort to shore up its sister firm’s funds.

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The Margaritaville Seashore Resort in Nassau, Bahamas, is the fourth-largest creditor owed cash by Alameda, as chapter filings point out Alameda owed the resort a debt of $55,319.

Jimmy Buffett’s Margaritaville is a father or mother firm for greater than two dozen resorts, resorts, and eating places within the U.S. and overseas. The Margaritaville franchise is called after Buffett’s 1977 hit tune “Margaritaville,” which extolled the virtues of a laid-back, tropical life-style and lamented misplaced love.

FTX and Alameda each had a presence within the Bahamas, though it is unclear how Alameda incurred the debt and Margaritaville did not instantly reply to a request for remark.

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Bankman-Fried and Ellison have confronted withering criticism within the wake of FTX and Alameda coming into chapter, as their failure created a contagion within the crypto area that has dragged a number of different corporations out of business.

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FTX’s new CEO, John Ray III, blasted them in a chapter submitting for a “full failure of company controls” and added, “From compromised programs integrity to defective regulatory oversight overseas, to the focus of management within the arms of a really small group of inexperienced, unsophisticated and probably compromised people, this example is unprecedented.”

Amazon Net Companies is the biggest creditor listed within the chapter submitting and is owed $4,664,996 by Alameda. AWS is a subsidiary of Amazon that gives cloud computing platforms and APIs to purchasers.

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One other notable creditor owed cash by Alameda is Bloomberg Finance LP, which is owed $80,526 and ranks because the third-largest creditor. Bloomberg Finance offers industrial providers, together with monetary software program and information.

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Neither Amazon Net Companies nor Bloomberg Monetary responded to Fox Enterprise’ request for remark concerning the nature of the money owed owed to the businesses by Alameda.

Different collectors listed in Alameda’s chapter paperwork embody a number of regulation corporations situated throughout the U.S. and in Australia, England, Panama, and South Korea.