Modulo Gets One Of Alameda’s Largest Investments at $400 Million

CoinDesk reports that Sam Bankman-Fried’s investment firm, Alameda Research loaned Modulo Capital $400 million. This small company seems to have a lot of similarities with Caroline Ellison or Bankman-Fried. Modulo Capital was founded by Ellison, Bankman-Fried and three other former traders from Jane Street (a New York-based company). 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. Modulo contacted other institutional investors before choosing Alameda. According to CoinDesk, Modulo was arrested in the Bahamas on December 12th on suspicion of conspiracy, wire fraud on customers and conspiracy to wire fraud on lenders. Also, Modulo Capital was involved in a series of transactions where Alameda Research made $400 million worth of investments. As Coincu reported previously, Sam Bankman-Fried consented to being extradited to the United States for fraud charges. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comThanaCoincu NewsTags: AlamedaAlameda ResearchCaroline EllisonFTXFTX CollapseSam BankmanSam Bankman-Fried