![Sam Bankman-Fried borrowed $546M from his hedge fund to buy a Robinhood stake Sam Bankman-Fried borrowed $546M from his hedge fund to buy a Robinhood stake](https://3.bp.blogspot.com/-KYs7bNsL5eQ/V2d1Z0U4Y7I/AAAAAAAAm-Y/VPHnY95ua4ILVJDoP-FicZ8tPJpQpza5QCLcB/s600/no-thumbnail.jpg)
Sam Bankman-Fried borrowed $546M from his hedge fund to buy a Robinhood stake
When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed the deal with more than half a billion dollars borrowed from the his own hedge fund — the entity that prosecutors say was illegally funneling customer funds from its affiliated platform, FTX.
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