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Sam Bankman-Fried Bought This Washington DC Townhouse, Now For Sale At Exactly What He Paid For It

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Sam Bankman-Fried Bought This Washington DC Townhouse, Now For Sale At Exactly What He Paid For It


In April of 2022, Guardians In opposition to Pandemics, a nonprofit group partly funded by FTX founder Sam Bankman-Fried and run by his brother, Gabe, purchased a complicated townhouse a brief distance from the U.S. Capitol. They paid $3,289,000 for the place, intending to make use of the three,762 sq. foot house to function a base for the FTX crew to wine and dine the political elite.

As we all know, issues modified radically for Bankman-Fried. The founder and CEO of the cryptocurrency alternate, as soon as named the forty first richest American within the Forbes 400, had an estimated internet price of $10.5 billion in October 2022, earlier than his wealth evaporated.

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Now the Washington, DC townhouse is on the market for the very same sum Bankman-Fried paid for it lower than a 12 months in the past.

Positioned at 420 third Road NE, the four-story brick home is ready on an 1,888 sq. foot lot. It has 4 bedrooms, 4 full baths and one half tub and sports activities an underground one-car storage. The inside boasts 4 fuel fireplaces, hardwood flooring, ten-foot-high ceilings and an elevator that companies the complete home.

The big chef’s kitchen is a delight for the passionate house prepare dinner. Lately up to date, it options quartz counters, a big and practical island, and premium home equipment together with a Wolf cookstove, a Subzero fridge, and a Bosch dishwasher. And, the world consists of the room at present’s owners crave: a walk-in pantry. And for snug household meals, the kitchen has a big, light-filled breakfast nook with banquette seating.

From the kitchen, house seamlessly flows into the big, open lounge. The eating room is separated from the lounge by a hearth and a powder room. The eating room is elegant with beautiful built-in shelving and show cupboards. The showstopper on this degree is a wine fanatic’s dream: a customized temperature-controlled wine fridge, which is each practical and exquisite.

The primary-floor main bed room gives consolation and comfort with a non-public rest room that features a soaking tub, double walk-in closets, a private washer and dryer and one of many house’s fuel fireplaces.

The opposite three bedrooms even have adjoining personal baths and distinctive options resembling excessive ceilings, library shelving and loads of closet house. They’re positioned on the fourth flooring for enhanced privateness. Rounding out the fourth flooring is a big laundry with an ElectroLux washer and dryer and a storage room.

Two inviting terraces act as an extension of the house, massive sufficient for outside furnishings and large-scale socializing. On a pleasing avenue, the house is inside straightforward strolling distance of Capitol Hill, Union Station (for a straightforward commute), and among the Capitol’s favored purchasing and eating locations.

In-built 2017, the home didn’t work out for Sam Bankman-Fried. However for a household with a much less risky life, it is a really charming and fascinating constructing in an amazing neighborhood.



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Washington, D.C

Indiana students embark on trip to D.C. for inaugural festivities

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Indiana students embark on trip to D.C. for inaugural festivities


A dozen students from northwest Indiana flew to Washington D.C. Thursday to experience festivities around the presidential inauguration and learn more about the democratic process.

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From Indiana to D.C.

What we know:

The students were selected by the ECIER Foundation, which supports youth development and awards scholarships.

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They won the trip to [the Capitol after competing in mock political campaigns and innovation competitions.

The foundation provided their winter gear, travel accessories and custom luggage covers.

D.C. agenda

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What’s next:

The students will visit memorials and monuments and meet other students from around the country while getting an up-close Washington experience.

The group will also meet privately with Rep. Frank Mrvan, who serves their district. 

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While the students will not get to attend the inauguration ceremony itself, they will get to go to an inaugural ball in their honor.

What they’re saying:

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Students expressed their excitement ahead of the trip to the nation’s capitol.

“I am very eager to learn about all the branches of our government,” said 9th grader Alejandro Muniz. 

Marianna Owens said she looks forward to seeing historical landmarks

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“I am definitely excited to be able to witness the experience and not only that, I’m excited to visit the MLK Memorial and the Pentagon,” Owens said.

The Source: The information in this story came from interviews with students and details from the ECIER Foundation.

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Welcome to Washington: On the Eve of the Inauguration, Monumental Advice

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Welcome to Washington: On the Eve of the Inauguration, Monumental Advice


Image by William Rudolph.

I love watching the brides pose for photos by the Lincoln Memorial and the teenagers wriggle through TikTok choreography near the Washington Monument. Their modern hopes breathe life into the centuries-old wisdom of our capital city.

I have lived in Washington DC for years and still can’t get enough of it. On sunny Saturday morning walks, my pace is casual, but the insights are profound. DC is a living lesson about what George Washington described as “the last great experiment for promoting human happiness.” The Inauguration brings new people to Washington DC and I hope they will love and learn from the city as much as I do.

One of my favorite monuments is near the Capitol. Two iron cranes stand together. Their wings thrust upward, and barbed wire falls from their beaks. Around them is a complicated mix of names: Japanese Americans who died fighting for us in World War II, and the internment camps to which their families and friends had been forced. Yet I am fiercely proud to be an American when, amidst these names, I read President Reagan’s words: “Here we admit a wrong. Here we affirm our commitment as a nation to equal justice under the law.” Few countries I’ve lived in have the strength to admit such a grave national error.

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That urge for improvement is in our national genes. As the Constitution states, we’re constantly trying to “form a more perfect union.”

Sure enough, a few miles away under a white marble dome stands a statue of Thomas Jefferson. He, too, speaks to us of striving for perfection: “…Laws and institutions must go hand in hand with the progress of the human mind. As that becomes more developed, more enlightened … institutions must advance also to keep pace with the times.”

While I respect the somber challenge of those words, I love his next, more whimsical, sentence: “We might as well require a man to wear still the coat which fitted him when a boy as civilized society to remain ever under the regimen of their barbarous ancestors.”

From a breezy hill in northeast Washington DC, President Lincoln also challenges us. It’s the cottage where he and his family escaped the city’s summer heat, though Lincoln daily commuted to the White House. His dusty horseback ride revealed the stakes of the Civil War: wounded soldiers bumping along in ambulances and former slaves surviving in hastily built camps after escaping behind Union lines.

Lincoln welcomed allies and adversaries alike to the cottage for advice, sometimes looking out from the veranda over the not-yet-completed Capitol and Washington Monument. As a modern visitor 150 years later, I can stand in the same place. The buildings are completed. But which of Lincoln’s hopes and fears are still in progress?

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At a newer memorial, Martin Luther King, Jr offers optimism about the timescale of our national effort: “We shall overcome because the arc of the moral universe is long, but it bends towards justice.”

At an even newer memorial closer to the Capitol, President Eisenhower puts a worldwide spin on our work of becoming a more perfect union: “We look upon this shaken earth, and we declare our firm and fixed purpose – the building of a peace with justice in a world where moral law prevails.”

Strolling through the city, I love listening to leaders from different periods of our great experiment. I hope our elected representatives will as well.



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DC gets ready to celebrate the nation’s 250th anniversary – WTOP News

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DC gets ready to celebrate the nation’s 250th anniversary – WTOP News


D.C. Mayor Muriel Bowser and America250 Chair Rosie Rios joined students at a bilingual elementary school to kickoff D.C.’s chapter of the commission preparing to celebrate the nation’s 250th anniversary.

D.C. Mayor Muriel Bowser and America250 Chair Rosie Rios joined students at a bilingual elementary school to kickoff D.C.’s chapter of the commission preparing to celebrate the nation’s 250th anniversary.

Students at Powell Bilingual Elementary School in Petworth greeted Bowser with a rousing introduction, as she introduced them to a new vocabulary word: “Semiquincentennial.” The word describes the 250th anniversary of the signing of the Declaration of Independence.

Bowser told the students D.C.’s 250th celebration should be the biggest and the best, and said, “Throwing a big party for thousands of people is a big task. But in Washington, D.C., we welcome visitors for big events all the time.”

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D.C.’s festivities, though, will be part of a nationwide effort to throw a celebration of America like none other.

America250 is a nonpartisan initiative working to involve Americans from every state and U.S. territory in the Semiquincentennial, which will be in 2026.

Rios told the students about “America’s Field Trip,” explaining it’s a contest for those in “grades 3-12 who get to answer the question, ‘What does America mean to me?’ The beauty of this program is that the award recipients get to choose from a series of backstage experiences with our federal agencies, most of which have never been offered to the public before.”

Those field trip sites include a variety of historic and cultural landmarks across the country.

Rios recalled the nation’s bicentennial in 1976, when she was just 10 years old. Her parents had come to the U.S. from Mexico in 1958, and she said the evening of July 4, 1976, “was a cloudy night in Heyward, California, but those fireworks were never brighter.”

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“On that night, I felt I had the whole world in front of me. I did feel that anything was possible,” Rios said.

She said she’s eager to hear from others about their family histories and their hopes and dreams for the future.

Another feature of the America250 celebration is “Our American Story,” which includes a chance for residents to nominate someone they know to share their histories, which, if selected, will be preserved at the Library of Congress.

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