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Federal Prosecutors Probe Democrats Over Donations From Sam Bankman-Fried

Several members of the U.S. Democratic Party and campaign committees are reportedly being probed by federal prosecutors over donations from former FTX CEO Sam Bankman-Fried (SBF) and another executive of the collapsed cryptocurrency exchange. “To any person, entity, or political campaign that has received stolen customer money, we ask that you work with us to return that money to the innocent victims,” said a U.S. district attorney following the arrest of Bankman-Fried.

In a press conference announcing the indictment of Bankman-Fried Tuesday, U.S. District Attorney Damian Williams requested:To any person, entity or political campaign that has received stolen customer money, we ask that you work with us to return that money to the innocent victims.

One of the official charges federal prosecutors unveiled last week after SBF’s arrest was conspiring to violate campaign finance laws. The former FTX CEO was 2020’s second-largest campaign donor, contributing nearly $45 million, mostly to Democratic campaigns and committees, the publication conveyed. In an interview before his arrest, Bankman-Fried claimed that he made dark donations of a similar amount to the Republicans. Tesla CEO and Twitter boss Elon Musk believes that the former FTX boss donated over $1 billion to Democrats.

Nishad Singh, another former FTX executive, also donated nearly $9.7 million, mostly to Democratic candidates and groups, the news outlet noted. Prosecutors are also reportedly investigating donations to Republican campaigns and committees by Ryan Salame, another former FTX executive, who gave $24 million, primarily to Republican candidates and committees.

Related News: 

Insurers Shun FTX-linked Crypto Firms as Contagion Risk Mounts

Riot Games To Terminate FTX Sponsorship Due to “Reputational Harm”

Shark Tank Star Kevin O'Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried

Inside Kevin O’Leary and Binance’s CZ Hot Exchange Over FTX’s Collapse

What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List

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