FTX Sam Bankman-Fried scam

De Pere WI

Description

Many pensions and private accounts were lost. But not the same be true for a legion of Democrats Prior to the collapse of FTX and his professional demise, Bankman-Fried ( made a name for himself as a Democrat megadonor. Bankman-Fried donated $10 million to then-candidate Joe Biden in 2020 and spent at least $39,826,856 this year in an effort to help Democrats win their House races. Bankman-Fried donated roughly $38 million to Democratic candidates and leftist PACs. FTX funneled $27 million through the leftist PAC Protect Our Future, accounting for nearly 95% of the funds raised by the PAC. Citing Federal Election Commission filings, Fox Business noted that Bankman-Fried wired $9 million to the PAC in February and then made three subsequent donations collectively worth $18 million between March and June. Another $1 million was donated to the PAC by top FTX executive Nishad Singh. All this money was spent to fund campaign midterms. Before suspicious fall out on election night.