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owner Sam bakeman freed spent 300 million dollars on real estate for himself and Senior staff court records show that Banker free to use 10 billion dollars in client funds to prop up his hedge fund called Alameda research which lost money betting on investments and other crypto funds now that left FTX without enough money to uncover the client withdrawals or to cover those client withdrawals which where the House of Cards kind of fell now we have about 1 million investors left wondering where billions of dollars went experts say that there are a lot of red flags that were missed related to this cryptocurrency Exchange you can see the failures looking in the rear view mirror but I think anybody that would have invested in this on the front end should have asked some very uh pointed questions about really just corporate governance and control and anytime youamp;#39;re dealing with something thatamp;#39;s offshore obviously that heightens the concern