Federal authorities on Tuesday charged FTX co-founder Sam Bankman-Fried with using what they said was tens of millions of dollars of misappropriated customer funds to make illegal political donations to both Democratic and Republican candidates.
Prosecutors said one of the reasons he made those contributions was to influence the direction of policies and laws affecting the cryptocurrency industry.
Bankman-Fried diverted customer assets held by FTX, a major cryptocurrency exchange, to his separate crypto hedge fund, Alameda Research, the Securities and Exchange Commission charged in a civil complaint filed in Manhattan federal court.
He then used those funds to make “large political donations,” to make investments and buy “lavish real estate,” the SEC complaint alleged.
We now have a list of politicians he paid. The list includes Democrats and RINO Republicans. RINOs Susan Collins, Lisa Murkowski, Bill Cassidy, Richard Burr, and John Boozman all received donations from Bankman-Fried.
Both the Democrat Senatorial Campaign Committee and the Biden Victory Fund received donations from Bankman-Fried. Multiple state Democrat parties also received donations from Bankman-Fried.
BREAKING: SBF has been charged with violating campaign finance laws.
He has given $42 million to Democrats & "dark money" to Republicans.
But there hasn't been a full list of the politicians he paid.
— unusual_whales (@unusual_whales) December 16, 2022
SBF gave over$28 million to the Democrat Protect Our Future PAC.
Compare this to the $150,000 he gave to the conservative American Patriots PAC.