Modulo Receives One Of Alameda’s Largest Investments At $400 Million

According to CoinDesk, Sam Bankman-Fried’s investment company, Alameda Research, loaned $400 million to Modulo Capital, a small company that looks to have a lot in common with Caroline Ellison and Bankman-Fried.

Bankman-Fried, Ellison, and three other former traders from Jane Street, a New York-based corporation, created Modulo Capital before they entered the cryptocurrency market. The Bahamian luxury condominium complex where the two people lived is where Modulo Capital is headquartered.

Additionally, according to public records, Modulo was located in the Bahamas and conducted business where other FTX and Alameda personnel lived in Albany, a posh condominium complex.

One of the biggest $400 million investments Alameda Research made was in Modulo Capital. Before choosing Alameda, Modulo contacted other institutional finance investors, according to CoinDesk.

Alameda’s investments are being closely watched as creditors wait for payment following a taxing bankruptcy procedure involving the firm and its sibling, cryptocurrency exchange FTX.

Bankman-Fried was detained on December 12 in the Bahamas on suspicion of conspiracy to commit wire fraud on customers, conspiracy to commit wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States and violate campaign finance laws.

As Coincu previously reported, Sam Bankman-Fried has subsequently consented to be extradited to the United States to face fraud charges.

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