Former co-CEO of Alameda, Sam Trabucco, is suspected of purchasing high-end real estate shortly before the company declared bankruptcy

Crypto news outlet Protos has verified documents purporting to show that Sam Trabucco purchased several mansions and other properties worth millions of dollars just before the Alameda Research crashed.

After spending an astounding $8.7 million, the media revealed that Trabucco had purchased two high-end apartments in San Francisco the previous year. The property was reportedly purchased in June of 2021 using only cash, with no loans.

Yacht and additional apartment

Trabucco announced an early retirement only a few months before SBF FTX and Alameda's collapse in November. After his resignation, the former Alameda executive seemed to disappear from social media altogether.

Still, he engaged in a massive all-cash property-buying binge before the company's complete financial collapse. According to a previous Financial Times report, a 52-foot yacht was reportedly bought by Trabucco, also known as Sam Bankman-Fried’s ally, just before he left his position at Alameda.

FT claims that Trabucco spent money on Fiverr to hire a designer to create a logo for his boat, which he called “Soak my Deck.”

Trabucco also owns a $500,000 home in a gated neighborhood south of Portland, Maine, where he has registered to have his taxes sent, in addition to the 2022 model yacht.

According to reports, this property was bought in August 2020. The evidence discovered by Protos suggests that Trabucco made around $10 million in all-cash purchases in the United States alone in the years preceding the demise of the trading company he helped found.