General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo, I wonder if any FTX Crypto money went to Trump and his campaign?
This could get very ugly for a lot of campaigns? What is particulars on if the money was an illegal contribution?
brooklynite
(94,952 posts)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.
His largesse to Democratic causes was surpassed over the past two years only by that of George Soros, the liberal financier. Bankman-Fried has claimed that he gave just as much to GOP causes, but through nonprofit groups not required to disclose their donors. Much of the money Bankman-Fried gave went to super PACs. These groups, which can accept unlimited individual and corporate contributions, must remain formally separate from campaigns as they run ads or sponsor other communications supporting or opposing candidates.
https://www.washingtonpost.com/business/2022/12/14/sbf-ftx-political-donations/
W_HAMILTON
(7,878 posts)I donated to both parties. I donated about the same amount to both parties, Bankman-Fried told the crypto commentator and citizen journalist Tiffany Fong.
All my Republican donations were dark, he said, referring to political donations that are not publicly disclosed...
Bankman-Frieds undisclosed donations were made possible by the supreme courts 2010 decision in the Citizens United case, which made it easier for donors to give large amounts of money anonymously and has led to more than $1bn being poured into federal elections since 2010.
https://www.theguardian.com/technology/2022/nov/30/ftx-billionaire-sam-bankman-fried-dark-money-republicans
brooklynite
(94,952 posts)W_HAMILTON
(7,878 posts)yourout
(7,535 posts)jimfields33
(16,098 posts)He probably hated trump like we do.
W_HAMILTON
(7,878 posts)See my post up above. He donated to both sides to try and curry favor for the crypto industry.
Celerity
(43,734 posts)FTX billionaire Sam Bankman-Fried funneled dark money to Republicans
The crypto entrepreneur was thought to be a big donor to Democrats but now acknowledges he gave equally to GOP
https://www.google.com/amp/s/amp.theguardian.com/technology/2022/nov/30/ftx-billionaire-sam-bankman-fried-dark-money-republicans
The fall of crypto billionaire Sam Bankman-Fried has been painted as a big blow to the Democratic party, whose candidates were major beneficiaries of his largesse. But in a new interview, Bankman-Fried has claimed he gave equally large amounts of money to Republicans.
I donated to both parties. I donated about the same amount to both parties, Bankman-Fried told the crypto commentator and citizen journalist Tiffany Fong.
All my Republican donations were dark, he said, referring to political donations that are not publicly disclosed. The reason was not for regulatory reasons, its because reporters freak the fuck out if you donate to Republicans. Theyre all super liberal, and I didnt want to have that fight.
Bankman-Frieds undisclosed donations were made possible by the supreme courts 2010 decision in the Citizens United case, which made it easier for donors to give large amounts of money anonymously and has led to more than $1bn being poured into federal elections since 2010.
snip
bullwinkle428
(20,631 posts)I donated to both parties. I donated about the same amount to both parties, Bankman-Fried told the crypto commentator and citizen journalist Tiffany Fong.
All my Republican donations were dark, he said, referring to political donations that are not publicly disclosed. The reason was not for regulatory reasons, its because reporters freak the fuck out if you donate to Republicans. Theyre all super liberal, and I didnt want to have that fight.
Bankman-Frieds undisclosed donations were made possible by the supreme courts 2010 decision in the Citizens United case, which made it easier for donors to give large amounts of money anonymously and has led to more than $1bn being poured into federal elections since 2010.
https://www.theguardian.com/technology/2022/nov/30/ftx-billionaire-sam-bankman-fried-dark-money-republicans
Just A Box Of Rain
(5,104 posts)in addition to 6 million to a super political action committee for House Democrats, and $3 million for a fund that backs Senate Democrats.
Bankman-Fried is facing additional scrutiny for recently saying he gave equally to Republicans and Democrats, but funded conservatives through dark money groups that dont identify donors. The claim is almost impossible to verify unless the recipients voluntarily disclose they received money from him.
Whats clear from public records is that donors tied to FTX gave to Senator Mitch McConnell and Representative Kevin McCarthy, the top Republicans in the House and Senate.
He also gave to Hakeem Jeffries and ORourke so plenty of trouble all around.
https://archive.vn/DxAZQ#selection-4099.82-4099.90