Federal prosecutors revealed that FTX founder Sam Bankman-Fried allegedly used $100 million in funds he stole from his customers to make political campaign contributions ahead of the 2022 midterm elections.
Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX, recently had his bail revoked for witness tampering but a superseding indictment alleges that Bankman-Fried also directed two FTX executives to avoid political contribution limits and conceal where the money was coming from.
According to reports from The Hill, prosecutors allege that Bankman-Fried embezzled customer deposits to, among other accusations, “help fund over a hundred million dollars in campaign contributions to Democrats and Republicans to seek to influence cryptocurrency regulation.”
“[Bankman-Fried] was able to evade restrictions on certain types of political contributions, and thereby maximize FTX’s political influence,” the indictment reads. “He leveraged this influence, in turn, to lobby Congress and regulatory agencies to support legislation and regulation he believed would make it easier for FTX to continue to accept customer deposits and grow, which would, in turn, allow the misappropriation scheme to continue.”
The indictment also alleges he “used these connections with politicians and government officials to falsely burnish the public image of FTX as a legitimate exchange.”
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ALL DC & Dems do this daily & estd RNC
yep. can anybody ay dems and planned parenthood