US authorities seek court clearance to sell Sam Bankman-Fried’s private planes

The US Marshals Service is holding a Bombardier Global tied to FTX exchange, and prosecutors are attempting to transport an Embraer Legacy aircraft to Florida for sales proceedings.

The government has proposed an interlocutory sale of the two private aircraft to prevent their devaluation. Furthermore, the Bombardier Global and Embraer Legacy aircraft were argued to be subject to forfeiture due to their ties to Sam Bankman-Fried’s (known as SBF) criminal case.

The government intends to reimburse up to $1.8 million for maintenance and upkeep and $183,000 for delivery of the Legacy, assuming the proceeds from the sale are sufficient.

Prosecutors have reached an agreement with FTX exchange and related parties to have the Embraer Legacy delivered to a Florida airport, where the U.S. Marshals Service can begin proceedings for a sale in a timely manner.

The assets tied to SBF, including Robinhood stock, fiat currency, crypto, and political contributions, are also subject to forfeiture. Bankman-Fried and his attorney, Marc Mukasey, did not object to the aircraft sale.