If published reports are accurate, Sam Bankman-Fried, the disgraced former CEO of FTX awaiting federal fraud trial, isn’t the only weirdo in his family. SBF’s brother Gabe sounds about as delusional and bizarre as he is.
FTX declared bankruptcy shortly after SBF’s con game was uncovered, and the man sifting through the wreckage is bankruptcy steward John Ray — the guy who did the same thing when Enron imploded. Part of the mess he is cleaning up is the slew of lawsuits attached to SBF’s shenanigans, including a recent one that details the lavish spending the company leaders were engaged in.
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Let’s focus on Gabriel Bankman-Fried, the former Democratic staff employee who founded Guardian Against Pandemics. GAP raised $22 million in 2021 alone, according to the New York Times, with almost all of that funding coming from Sam Bankman-Fried, using FTX money and commingled investment funds from customers.
One of Gabe’s master plans with this fraudulently acquired money was to purchase a tiny nation island in Micronesia called Nauru. An intercepted memo between Gabe Bankman-Fried and an officer for the FTX Foundation showed that the goal was to have FTX employees save themselves in the event of a catastrophe. Specifically, they would build a bunker to be used in the event that “50% – 99.99% of people die.”
So far, Gabe has not been implicated in the FTX criminal case, and the Feds do not appear to be on his tail, but you have to believe his hiring prospects aren’t stellar. That memo also contained insight and specifics into the strategic planning of what Gabe would do on that island other than survive.
Their other lofty goals were to develop “sensible regulation around human genetic enhancement, and build a lab there.”
And there was this final nugget the big thinkers at FTX shared with each other — “Probably there are other things it’s useful to do with a sovereign country, too.”
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