Alameda promised 'high returns with no risk' in 2018 pitch
2022/11/12 06:57
According to The Block, regulatory red flags tied to Sam Bankman-Fried's crypto trading firm Alameda Research may date all the way back to 2018. Alameda Research began soliciting investors in 2018 through Telegram group chats and a slide deck that described the opportunity as risk-less, according to several messages and a deck obtained by The Block. The 2018 Alameda deck shows the investment opportunity included a 15% annualized fixed rate loan, with higher rates available to investors willing to park more with the firm. "These loans have no downside — we guarantee full payment the principal and interest, enforceable under U.S. law and established by all parties' legal counsel," the deck reads. The deck also boasted of Alameda's returns during the course of that year, which they claim clocked in more than 110% annualized returns between March to October 2018.
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