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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSam Bankman-Fried was top 2 or 3 donor to GOP, Funneled the money secretly
When story about FTX fraud first broke, Rightwingers focused on donations he made to Dems. He made equally large donations to republicans. Dem office holders/PACs are giving the money to charity or setting it aside for potential retrieval for law enforcement.But the $$ he gave GOP disappeared into a black hole. Other sources say that he gave enough $$ to GOP to be one of their very top donors
In Bankman-Fried's case, he played in politics to bolster a false claim of safety for investors. He wanted to insulate his company by ensuring that government regulation was light, and spent money liberally in a blatant effort to exert influence. Since the collapse of FTX, he has admitted that he purposely used secret money channels for gifts to Republicans and made the others public.
Bankman-Fried stated that "all my Republican donations were dark," meaning those political donations were not publicly disclosed. This interesting admission of "dark" Republican donations serves to illustrate the large and dangerous threat that undisclosed campaign money poses to our elections and politics.
Secret political spending also allows mega-donors like Bankman-Fried to influence lawmakers to favor their corporate interests and priorities in Washington while avoiding accountability. In Bankman-Fried's case, FTX donated to a slew of Republican super PACs just before the 2022 election. Without Bankman-Fried's recent admission to the press, there would be no way to know about the money he spent in secret to back Republicans.
https://www.salon.com/2022/12/21/how-sam-bankman-frieds-dark-money-political-donations-fueled-his-massive-fraud/
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Sam Bankman-Fried was top 2 or 3 donor to GOP, Funneled the money secretly (Original Post)
BlueWaveNeverEnd
Dec 2022
OP
He gave to both sides but he was the 2nd highest contributor to Democratic candidates.
former9thward
Dec 2022
#2
dsc
(52,172 posts)1. He would be one place high
But for peter theil who gave massively to AZ and Ohio
former9thward
(32,117 posts)2. He gave to both sides but he was the 2nd highest contributor to Democratic candidates.
And much of the money can't be returned because its gone. He gave $6 million to Pelosi's House Majority PAC. That PAC no longer has the funds to repay the contribution.
https://www.wweek.com/news/state/2022/05/23/nancy-pelosis-house-majority-pac-received-6-million-from-crypto-billionaire-shortly-before-backing-oregon-candidate/