Posted on 11/12/2022 12:26:18 PM PST by NoLibZone
Sam Bankman-Fried, the now-bankrupt founder of crypto exchange FTX, is a prolific donor of Democratic candidates and liberal causes, and infused at least $38 million into left-wing groups during the 2022 election cycle.
Bankman-Fried was the second-largest contributor to Democratic-affiliated political action committees (PAC) and organizations, behind only liberal financial magnate George Soros, who donated nearly $127 million during the midterm cycle, according to Federal Election Commission (FEC) data. However, the collapse of FTX this week has called into question Bankman-Fried's finances.
A full-fledged liquidity crisis forced FTX to file for bankruptcy Friday, and Bankman-Fried's wealth, which was estimated to be $15.6 billion earlier this week, has sharply plummeted, according to the Bloomberg Billionaires Index. The index currently estimates Bankman-Fried has no material wealth.
(Excerpt) Read more at foxnews.com ...
They stole billions of dollars from investors and funneled the money to DNC campaigns.
See also Elizabeth Holmes
Corruptocrats lose money. Who knows where it goes?
FTX was basically a front for embezzlement wouldn’t surprise me if this guy gets jail time and takes the fall for his buddies
At some point you have to wonder when the deep-state will simply stop bothering with elections altogether.
Its really just an unnecessary and time-consuming exercise
Great news
Much like the art world where items are bought and sold in secrecy and the item never really changes hands.
Did Ukraine put any donations in with (invest) this MIT educated vegan goofball? As I have read. Send me a link if you have one.
The old fart has no material brain. Just a yearning for scamming people.
I bet the FIB is right on top of this,
A bankruptcy case may allow for full explication of the political funding angle. I always tell my clients not to take that step lightly. You enter the jurisdiction of the bankruptcy courts and the USTP (US Trustee Program - a division of the DOJ) will examine your financial history with a microscope. Often times when you see a business headed for bankruptcy that chooses receivership instead, it is to avoid this scrutiny. In a situation like this - with the bottom falling out, they may not have had the time to choose otherwise - I look forward to what is dredged up and made public.
Hand him a rifle and put him on the eastern front.
Criminals are a core constituency of the Democrat Party.
I hope the far-left causes lost money, too.
Steal $2 billion and they give you honorary doctorate degrees and hold Beltway cocktail parties in your honor.
Thanks! Bankruptcy courts are highly variable across America. In some NE cities it’s a big (connected) club of judges, lawyers, court personnel. You go there and your (connected) lawyer will be negotiating with them all. You might be put on the hook for a case of Scotch every Christmas for your judge. For the next 20 years or until he croaks.
Figures.
“Hand him a rifle and put him on the eastern front.”
Hogans Heroes.
Them crypto Jews gotta stop ripping off the Goyim :)
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