FTX Founder Spent $40 Million As Democrat Midterm Megadonor
by Zero Hedge November 13th 2022, 8:09 am
Leading up to Sam Bankman-Fried’s spectacular implosion – in which his firm FTX evaporated billions in wealth after the now-bankrupt cryptocurrency exchange allegedly commingled client assets with his trading firm into a liquidity crunch – he became the sixth-largest donor in this year’s midterm election cycle, giving some $40 million to mostly Democratic candidates and causes.
According to Forbes, Bankman-Fried was second only to George Soros among billionaire donors to Democratic groups during the 2022 midterm election cycle.
FTX allegedly loaned Alameda Research – a trading firm founded by Bankman-Fried – roughly $10 billion in client assets, which has landed him under federal investigation by the SEC, CTFC, and the Justice Department – the latter of which already had been working on a months-long investigation, according to the Wall Street Journal. The CTFC, meanwhile, is tasked with regulating certain elements of the crypto markets – including digital assets that are as commodities, and crypto exchanges and clearinghouses.
More Here:
https://www.infowars.com/posts/ftx-founder-spent-40-million-as-democrat-midterm-megadonor/
![Share on Facebook Facebook](https://civiliantalkpodcast.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/96x96/facebook.png)
![Share on Twitter twitter](https://civiliantalkpodcast.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/96x96/twitter.png)
![Share on Reddit reddit](https://civiliantalkpodcast.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/96x96/reddit.png)
![Pin it with Pinterest pinterest](https://civiliantalkpodcast.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/96x96/pinterest.png)
![Share on Linkedin linkedin](https://civiliantalkpodcast.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/96x96/linkedin.png)
![Share by email mail](https://civiliantalkpodcast.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/96x96/mail.png)