"How generous? “Bankman-Fried gave roughly $40 million to Democrats during the 2022 election cycle, making him one of the biggest donors to a fundraising juggernaut that helped stave off a Republican wave in the midterms,” noted the Washington Free Beacon."
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| FTX Boss Cashed out |
Issues & Insights "Not only was crypto-billionaire Sam Bankman-Fried’s company, FTX, allegedly a fraud, but it spent huge sums on recent elections to get Democrats into office. Was this a case of massive election fraud? If so, it isn’t just Bankman-Fried who should be punished.
"In case you’re not caught up on all this, FTX, a futures exchange for crypto-currencies including its own, exploded into the public’s attention just after the election. That’s when it was revealed that FTX had questionably transferred or “loaned” some $10 billion to its sister company, Alameda Research, to “fund risky bets,” a highly questionable move seemingly to shore up Alameda’s finances.
"And yes, FTX was a big deal. It’s name is on an NBA arena. Its commercials featured NFL GOAT Tom Brady, as well as “Seinfeld” and “Curb Your Enthusiasm” creator Larry David.
"That brought media reports about some of the money, around $1 billion, simply “disappearing.” That was followed by a host of regulatory agencies and prosecutors launching investigations of the company.
"FTX has filed for bankruptcy, and its 30-year-old founder, Sam Bankman-Fried, has resigned.". . .
. . ."Americans deserve answers, given the enormous impact this bankrupt company had on recent elections. We hope the new House, now controlled by the Republicans, will add FTX and its political influence to the growing list of things that must be investigated to save our country from becoming a one-party state."(Emphasis mine.TD)
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