FTX Democrat donations scandal

[TroglocratsRdumb]

You’ve probably seen the name Sam Bankman-Fried in headlines this week. While the scandal involving his crypto company FTX is convoluted, here are the basics you should know about the mega Democrat donor and his multibillion-dollar scam operation.

Bankman-Fried was the CEO of FTX, a cryptocurrency exchange based out of the Bahamas. On Nov. 8, Bankman-Fried announced on Twitter that the FTX exchange had run out of money to process the uptick in customer withdrawal requests. FTX immediately halted customer withdrawals and the result was a $10 billion hole as millions of cryptocurrency investors were left with frozen trading accounts and little hope of recovering funds. Within hours of FTX freezing customer assets, Bankman-Fried’s net worth plummeted in the biggest single-day loss of net worth by a billionaire on record, dropping from over $15 billion to nothing in a matter of days.

The disgraced FTX CEO was active in American politics and was a vocal supporter of many Democrats including President Joe Biden. Bankman-Fried met with major Democrats and regulators on several occasions in an attempt to influence regulation of the cryptocurrency market. He was also seen speaking at several conferences with big-name Democrats including former President Bill Clinton. Sam Bankman-Fried’s father has also been active in American politics, writing legislation for Elizabeth Warren and donating heavily to Democrat candidates.

Bankman-Fried was the second-largest individual contributor to Democrats in the 2022 midterm election, giving more than $36 million to Democrat candidates and only $235,200 to Republicans. He donated to a handful of candidates in the Democratic Party through a PAC called Protect Our Future. Protect Our Future’s stated mission is to support candidates who will be “champions for pandemic prevention.” The PAC gave significant sums of money to Democrat candidates Lucy McBath and Carrick Flynn, and several others.

A Crash Course On Dem Donor, FTX Head Sam Bankman-Fried

Here are the basics you should know about the FTX head and mega Democrat donor, and how his multibillion-dollar operation fell apart.

thefederalist.com

Comment:
We cannot allow Joe Biden's dishonest far left AG to investigate the FTX donations to the Democrat Party scandal.
The corrupt Democrats can never be trusted to investigate themselves.
It appears that there is a kick-back scheme between funding the Ukraine and FTX donations.
The GOP House needs to investigate this scandal and appoint a special prosecutor.

 

[Votto]

No surprises here.

About what I expected to read actually.

 

[1srelluc]

The pudgy bastard will roll on everyone....If Hillary doesn't get to him first.

 

[Moonglow]

You’ve probably seen the name Sam Bankman-Fried in headlines this week. While the scandal involving his crypto company FTX is convoluted, here are the basics you should know about the mega Democrat donor and his multibillion-dollar scam operation.

Bankman-Fried was the CEO of FTX, a cryptocurrency exchange based out of the Bahamas. On Nov. 8, Bankman-Fried announced on Twitter that the FTX exchange had run out of money to process the uptick in customer withdrawal requests. FTX immediately halted customer withdrawals and the result was a $10 billion hole as millions of cryptocurrency investors were left with frozen trading accounts and little hope of recovering funds. Within hours of FTX freezing customer assets, Bankman-Fried’s net worth plummeted in the biggest single-day loss of net worth by a billionaire on record, dropping from over $15 billion to nothing in a matter of days.

The disgraced FTX CEO was active in American politics and was a vocal supporter of many Democrats including President Joe Biden. Bankman-Fried met with major Democrats and regulators on several occasions in an attempt to influence regulation of the cryptocurrency market. He was also seen speaking at several conferences with big-name Democrats including former President Bill Clinton. Sam Bankman-Fried’s father has also been active in American politics, writing legislation for Elizabeth Warren and donating heavily to Democrat candidates.

Bankman-Fried was the second-largest individual contributor to Democrats in the 2022 midterm election, giving more than $36 million to Democrat candidates and only $235,200 to Republicans. He donated to a handful of candidates in the Democratic Party through a PAC called Protect Our Future. Protect Our Future’s stated mission is to support candidates who will be “champions for pandemic prevention.” The PAC gave significant sums of money to Democrat candidates Lucy McBath and Carrick Flynn, and several others.

A Crash Course On Dem Donor, FTX Head Sam Bankman-Fried

Here are the basics you should know about the FTX head and mega Democrat donor, and how his multibillion-dollar operation fell apart.

thefederalist.com

Comment:
We cannot allow Joe Biden's dishonest far left AG to investigate the FTX donations to the Democrat Party scandal.
The corrupt Democrats can never be trusted to investigate themselves.
It appears that there is a kick-back scheme between funding the Ukraine and FTX donations.
The GOP House needs to investigate this scandal and appoint a special prosecutor.

The donations are not illegal.

 

[g5000]

The disgraced FTX CEO was active in American politics and was a vocal supporter of many Democrats including President Joe Biden. Bankman-Fried met with major Democrats and regulators on several occasions in an attempt to influence regulation of the cryptocurrency market. He was also seen speaking at several conferences with big-name Democrats including former President Bill Clinton. Sam Bankman-Fried’s father has also been active in American politics, writing legislation for Elizabeth Warren and donating heavily to Democrat candidates.

And this differs from countless other special interests, Left and Right...how?

Answer: Not at all.

Bankman-Fried was the second-largest individual contributor to Democrats in the 2022 midterm election, giving more than $36 million to Democrat candidates and only $235,200 to Republicans.

What a parroting rube. I want you to notice how carefully that narrative you are parroting is phrased.

"The second largest individual contributor to Democrats." Do you see what they did there?

No, you didn't. And they count on that.

Of all political donors, B-F is the sixth largest. Number 2, 3, 4, and 5 were Republican donors.

You should read the OP of the topic I created to see what your propagandist have not told you. It's a textbook lie of omission:

The Top Political Donors In The Midterms

Coming in at #1, every Nazi's favorite international Jew banker: George Soros, with donations amounting to $128,475,971 to Democrats. Coming in at #2, Richard Uihlein, with $80,692,168 to Republicans. Ringing the bell as #3, Kenneth C. Griffin, with $68,571,500 to Republicans. Rushing past...

www.usmessageboard.com

The Republican donors on the top 10 list donated $175 million more than Democratic donors on the top 10 list. Where is your fauxrage at the Republican donors?

Why are your propagandists not telling you this? Why do you keep going back for more of their bullshit to parrot?

He donated to a handful of candidates in the Democratic Party through a PAC called Protect Our Future.

I have some shocking news for you. It's going to blow your mind. Brace yourself.

You know that Supreme Court decision about Citizens United PAC?

It applies to Democratic campaign finance, too! Democratic donors get to go wild, too!

ZOMG!!!

 

[Mushroom]

The donations are not illegal.

Actually, they are.

Sam Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX, was a prolific political donor, pumping about $40 million this cycle alone into campaign committees and other groups, mostly aligned with Democrats, federal records show.
His contributions are under scrutiny as federal prosecutors on Tuesday alleged that Bankman-Fried had broken campaign finance laws by sourcing donations from his related crypto hedge fund, Alameda Research, and falsely reporting them as originating from other people.

https://www.washingtonpost.com/business/2022/12/14/sbf-ftx-political-donations/

Making donations in the name of other people is very illegal. This is the exact same thing that Dinesh D'Souza was jailed for. However, he only donated $10,000, not millions of dollars.

 

[Leo123]

The donations are not illegal.

Nor were they real apparently.

 

[C_Clayton_Jones]

The federalist

lol

 

[Leo123]

lol

Cnn, NPR, ABC, NBC, ABC, MSNBC.....LOL

 

[Moonglow]

Actually, they are.

https://www.washingtonpost.com/business/2022/12/14/sbf-ftx-political-donations/

Making donations in the name of other people is very illegal. This is the exact same thing that Dinesh D'Souza was jailed for. However, he only donated $10,000, not millions of dollars.

According to the GOP he was set up.