Free Republic

The first close associate of Sam Bankman-Fried to plead guilty in the aftermath of FTX‘s downfall will be sentenced on Tuesday. What Happened: Ryan Salame, former CEO of FTX's Bahamas subsidiary, struck a plea deal with federal prosecutors in September. This occurred just weeks before Bankman-Fried was set to go on trial for allegedly stealing about $10 billion from customers, investors, and lenders. Salame pleaded guilty to violating campaign finance laws and operating an unlicensed money transmitter. Bloomberg reported that prosecutors are seeking a sentence of five to seven years, while the defense argues for 18 months or less. Judge...

The founder of FTX used executives as cut-outs for donations, prosecutors allege... That Sam Bankman-Fried, the founder and former chief executive of the cryptocurrency exchange FTX that recently filed for bankruptcy, was aggressively using campaign donations as part of a campaign to woo Washington toward his vision of cryptocurrency regulation was no secret — nor was it a secret that other FTX executives quickly became some of the country’s biggest political donors to both Republicans and Democrats, especially those who work on financial regulation. But a new federal criminal indictment alleges that things may have been even simpler than they...

This is really a stunning report. House GOP Leader Kevin McCarthy used FTX funding to sway GOP primaries away from Trump supporters. The National File originally reported on this on Friday. Kevin McCarthy Used #FTX #SBF Stolen to Defeat Conservatives in 2022. Which Destroyed the so-called “Red Wave.” pic.twitter.com/TDwJpKbRd4 Of course, it is widely know that the now bankrupt FTX US funded millions into Democrat campaigns through Ukraine. But at least one FTX player funded hundreds of thousands of dollars to Kevin McCarthy to take out MAGA lawmakers. Most of the rest of the money, $700,000, came from Ryan Salame,...