In addition, Bankman-Fried wired maximum individual donations to Boozman and incumbent Republican Sens. Susan Collins of Maine, Richard Burr of North Carolina, Bill Cassidy of Louisiana, John Hoeven of North Dakota and Lisa Murkowski of Alaska throughout the election cycle. Sen.-elect Katie Britt...
FTX, the bankrupt crytocurrency exchange once valued at $32 billion, is asking politicians, campaign committees, and super PACs that took moneyfrom Sam Bankman-Friedto return the donations. Bankman-Fried, the founder and former CEO of FTX, made upwards of $40 million in donations to mostly D...
Can charities be forced to relinquish any donations tied to FTX that they hve received? What might happen to the money that had already been disbursed is less clear. The possibility of it being “clawed back” from the causes that received funds from FTX affiliates or Bankman-Fried...
The topic of SBF’s donations to political parties was also brought up because since the launch of FTX in 2019, Bankman-Fried has openly supported Democratic candidates. In 2020, Bankman-Fried was one of the largest donors to the campaign of now-President Joe Biden, with$5,220,000 from...
Bankman-Fried said in an interview last month that he also gave money to Republicans but said that money was "dark." In other words, he did it in a way that donations were hidden. In a parallel civil complaint, the Securities and Exchange Commission accused Bankman-Fried of defrauding inv...
The 12-count indictment also provides new details of hundreds ofpolitical donationsthat Bankman-Fried allegedly directed in violation of federal campaign finance laws. Bankman-Fried is accused of stealing FTX customer deposits and using billions of dollars of those stolen funds to support FTX's and ...
to support the operations and investments of FTX and Alameda and to fund speculative venture investments, make charitable donations and spend tens of millions of dollars on illegal campaign donations to Democrats and Republicans in an attempt to buy influence over cryptocurrency regulation in Washington...
fraud, securities fraud, money laundering, and campaign finance law violations. The charges accuse him of funneling customers’ money to his privately held crypto hedge fund and using the funds “to make undisclosed venture investments, lavish real estate purchases, and large pol...
at one point his net worth reached $26.5 billion, according to Forbes. He was a prominent personality in Washington, donating millions of dollars to Democrats and Republicans. U.S. Attorney Williams said Tuesday that Bankman-Fried made "tens of millions of dollars" in illegal campaign donations...
Ryan Salame, a former FTX executive who did not cooperate with prosecutors, was sentenced to 7-1/2 years in prison in May after pleading guilty to making unlawful campaign donations to causes supported by Bankman-Fried.