Most members of California's congressional delegation reported donating their campaign contributions from Bankman-Fried, who was recently indicted on fraud, conspiracy and campaign finance charges.
The Times contacted every member of California’s congressional delegation who received a campaign contribution from Bankman-Fried to find out what they did with the money.
Carbajal said the money was donated to a local organization “doing good in the area of financial services and financial literacy,” including providing microloans to women. “It is my intention to return or donate all the funds received,” Costa said in a statement. “I will hold the funds in a separate account while we await guidance from legal counsel before proceeding.”
Harder’s office said his campaign will donate the money to the Stockton Food Bank, the largest direct provider of packaged emergency food in San Joaquin County.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jordan Belfort says Sam Bankman-Fried needs to 'shut up''Wolf of Wall Street' Jordan Belfort says Sam Bankman-Fried has 'diarrhea of the mouth' after the FTX founder's media appearances
Read more »
FTX insider turned on Sam Bankman-Fried days before bankruptcyCo-CEO Ryan Salame told Bahamian authorities that Bankman-Fried may have committed fraud by sending customer money from the crypto exchange to his other firm, according to a filing tied to FTX’s bankruptcy proceedings.
Read more »
Understanding the Charges Brought Against Sam Bankman-FriedFTX founder and former CEO Sam Bankman-Fried faces a litany of charges from the Department of Justice, U.S. Securities and Exchange Commission (SEC) and CFTC (Commodity Futures Trading Commission) as he sits in jail in the Bahamas. Renato Mariotti, partner at law firm Bryan Cave Leighton Paisner and former federal prosecutor, breaks down the charges.
Read more »
Bankman-Fried makes new bail application after losing first request: sourceFormer FTX CEO Sam Bankman-Fried has made a bail application before The Bahamas Supreme Court, a source familiar with the matter said on Thursday, after a magistrate judge on Tuesday rejected the former crypto mogul's request for bail.
Read more »
Sam Bankman-Fried scrubbed from Giving Pledge list of billionaire philanthropistsBankman-Fried rose to fame while saying he planned to give away his money to solve the world’s most pressing problems.
Read more »
FTX ‘fraudster’ Sam Bankman-Fried makes second pitch for bailIt’s unclear what argument Sam Bankman-Fried put forward in his renewed bail application, but a local report said it would be heard on Jan. 17.
Read more »