Though many of Bankman-Fried’s and FTX's donations to Democrats were noted with the Federal Election Commission as part of the public record, the former CEOimplied in a December interviewthat Republicans had received roughly the same amount in “dark” donations. North Dakota Sen...
Separately, Bankman-Fried registered over $36 million in donations to Democratic campaigns and outside groups that disclose the names of their donors during the 2022 cycle, according to data from the nonpartisan OpenSecrets. He was a vocal and major financial supporter ofcharitiespromoting the concep...
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.
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...
If the House flips to Republicans, Rep. Patrick McHenry, the current GOP committee ranking member, will likely become the chairman. The Crypto Innovation PAC, which is financed in part by a separate group that saw millions in donations from Bankman-Fried, b...
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 polit...
Prosecutors said Bankman-Fried stole billions of dollars in FTX customer deposits to fund his businesses and 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 cry...
Bankman-Fried stole $8 billion from FTX investors and customers and used it to pay debts and expenses of Alameda Research, his privately held hedge fund. He also used the money to purchase lavish real estate and make political donations to mainly Democrats but also ...
The funds amassed at Alameda were allegedly used to make undisclosed venture investments, lavish property purchases, and large political donations. Founder built a 'house of cards on a foundation of deception' "We allege that Sam Bankman-Fried built a...
So what happens to the friends Bankman-Fried was making in DC, the legislation he was backing, and all the people who took his campaign donations? Sam Bankman-Fried really loved risk One thing that appears true throughout Bankman-Fried’s short, steep climb to power was that he ha...