News about Vincent Astor
Tone-deaf FTX millionaire spends $1.5M on gold watch recovered from wreck of Titanic as defrauded customers wait for money back
www.dailymail.co.uk,
April 30, 2024
Patrick Gruhn triumphed in a fierce bidding war on Saturday to secure the gold pocket watch worn by John Jacob Astor IV on the doomed ship when it went down in April 1912. Gruhn was head of the company's European business when FTX collapsed in late 2022 after stealing $8 billion from investors. They have yet to see any of their money returned while Gruhn has agreed to pay just $33 million of the $323 million that FTX paid him for his business in what receivers have described as a 'massive overpayment'. 'The irony of this cannot be overstated,' tweeted finance writer Erin Arvendlund.