FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings

“Mr. Bankman-Fried, and others at his direction, maintained a close, accommodating relationship with Bahamian law enforcement agencies” including the Prime Minister, Attorney General and Securities Commission, the filing reads, adding that the FTX founder “aimed to leverage that relationship to minimize his criminal and civil exposure should the massive fraud be discovered.”