FTX management spent millions of clients on luxury items, including an expensive yacht

Most likely, the yacht was a parting gift for Trabucco.

A 2022 Financial Times report mentioned that Trabucco bought a 52-foot yacht shortly before he left the company. However, the report does not specify where the money for the purchase came from.

Trabucco received three cash payments totaling $15.5 million.

FTX exchange management received more than $3 billion in direct payments unrelated to legitimate operating expenses.

Of that amount, Bankman-Fried received $2.2 billion, while fellow executives Nishad Singh and Gary Wang received $587 million and $246 million, respectively.

Although Trabucco had been involved in decision-making at Alameda with Caroline Ellison for nearly a year, Trabucco's decision to step down from his position just months before Alameda and FTX collapsed appears to have kept him out of trouble with the law.