SBF has been accused of trying to “buy bipartisan influence.”
into the collapse of Bankman-Fried’s popular crypto exchange FTX and its sister hedge fund Alameda Research last month.. US Attorney Damian Williams said Tuesday that FTX-related donations were “disguised to look like they were coming from wealthy co-conspirators when, in fact, the contributions were funded by Alameda Research with stolen customer money.”in the US, contributing more than $40 million in personal donations to mostly Democratic campaigns and organizations.
During a Tuesday press conference, US Attorney Williams backed up Bankman-Fried’s admission to financing Republicans. “All of this dirty money was used in service of Bankman-Fried’s desire to buy bipartisan influence and impact the direction of public policy in Washington,” Williams said.While the extent of Bankman-Fried’s GOP contributions has yet to be uncovered, Democratic candidates have been pressured to return any money they received from the crypto mogul.
that most Democratic campaigns that received publicly disclosed contributions from Bankman-Fried have pledged to either return or donate the money to charity.that he would donate Bankman-Fried’s contributions to his campaign to the Zebra Coalition, a Florida-based group servicing homeless LGBTQ+ youth.
“It seems clear that Sam Bankman Fried cheated and conned over a million people out of their money. Many of these being working class families that lost their life savings,” Frost said in a Wednesday tweet. “I never solicited a donation from SBF, but he did donate to my campaign.” Sens. Kirsten Gillibrand , Tina Smith , Alex Padilla , and Bill Cassidy all received $5,800 from Bankman-Fried since last year and have either already donated or plan to donate the funds,Even if the allegedly stolen money makes it back to customers, elections watchdogs hope that Bankman-Fried’s scheme results in changes to campaign finance disclosure rules.
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.
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-FriedFTX Digital Markets co-CEO alerted the securities regulator in the Bahamas to the fraud being committed at the exchange, telling the authorities that FTX was sending customer funds to Alameda Research.
Read more »
Senators slam FTX, Sam Bankman-Fried and back crypto regulationSenators across both major parties sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while advocating for regulation of the digital currency sector.
Read more »
FTX insider turned on Sam Bankman-Fried days before bankruptcy, flagging potential fraud to regulatorsFormer FTX co-CEO Ryan Salame disclosed 'possible mishandling of clients' assets' by Sam Bankman-Fried to Bahamian regulators just before FTX bankruptcy filing.
Read more »
Parents of Sam Bankman-Fried face scrutiny over their roles in FTX | CNN BusinessSam Bankman-Fried's multibillion-dollar crypto empire was run primarily by 'grossly inexperienced and unsophisticated individuals' who failed to institute basic corporate controls and even relied on QuickBooks to do their accounting, according to investigators.
Read more »
'Old-fashioned embezzlement': FTX CEO testifies to Congress; founder Sam Bankman-Fried arrested: recap'Where is the money?' Republican Senator Pat Toomey questioned FTX spokesperson, and 'Shark Tank' star, Kevin O'Leary on the collapse of the crypto exchange company.
Read more »