Sam Bankman-Fried and FTX Cronies Gave $300k to House Committee Members Investigating Him

Sam Bankman-Fried and executives at his cryptocurrency firm contributed hundreds of thousands of dollars to members of the House committee that will hold hearings next month on the company’s collapse.

Bankman-Fried and his co-founders at FTX contributed $300,351 to nine members of the House Financial Services Committee, according to Federal Election Commission records. Some of the largest contributions were to Democrats on the committee’s Digital Assets Working Group, which worked on regulation of the crypto industry. Rep. Maxine Waters (D., Calif.), who chairs the committee, announced a probe this week into FTX’s collapse after the company declared bankruptcy, wiping out billions of dollars in customers’ portfolios. The Justice Department and Securities Exchange Commission are reportedly investigating Bankman-Fried for potential misuse of customer funds.

Bankman-Fried’s donations to committee members could raise concerns that the lawmakers will not adequately investigate the crypto kingpin, who spent millions on advertising, lobbying, and philanthropic causes to burnish his company’s image as an ethical crypto company in an industry rife with scam artists. Of the nine committee members who received contributions from Bankman-Fried, only Rep. Chuy Garcia (D., Ill.) has said he would return a $2,900 contribution from the billionaire. While Waters said the committee will investigate FTX’s “collapse,” the Democrat has no apparent plans to look into Bankman-Fried’s efforts to buy favor in Washington.

Waters dodged questions this week about whether she is concerned about Bankman-Fried’s political donations. “Well, I don’t want to get into that. As a matter of fact, both sides, Democrats and Republicans, have received donations,” she told Fox Business.

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FTX partnership with Ukraine is latest chapter in shady Western aid saga

The Ukrainian government mysteriously disappeared online records of its fundraising arrangement with the FTX crypto scam just days before the scandal erupted. The initiative claims to have raised $60 million for Ukraine, but where did the money go?

The demise of FTX, the fifth-biggest cryptocurrency exchange by trade volume in 2022, and the second-largest by holdings, has sent a wave of chaos through global financial markets. 

As the turbulence grows, the government of Ukraine is conducting an ongoing cleanup and whitewashing operation to rid any and all references to a high-level cryptocurrency fundraising arrangement it struck with FTX from the web. Eerily, it seems to have commenced just days before the scandal erupted. 

Online records unearthed by The Grayzone claim tens of millions were raised by FTX for the Ukrainian government, and put to a variety of belligerent uses. But with the company now exposed as a Potemkin village lacking underlying assets, and major question marks hanging over whether its operations were from day one fraudulent top to bottom, where does that leave the supposedly successful donation scheme? Were those sums truly raised, and if so, to what purposes were they actually put?

FTX’s destruction resulted from a mass sell-off of the company’s native bitcoin token, FTT, by the rival exchange, Binance. Its value plummeted, prompting a three-day “run” on billions of dollars worth of cryptocurrency, which in turn created – or exposed – a “liquidity crisis” within FTX, as it did not have the available assets required to redeem client withdrawals. FTX filed for bankruptcy on November 11th. 

FTX founder and top Democrat Party donor Sam Bankman-Fried now faces criminal investigations in the Bahamas, where the exchange was headquartered, and calls for official investigations into the largely unregulated cryptocurrency industry are reverberating across the globe.

The sudden death of FTX has been compared to the 2008 disintegration of Lehman Brothers that precipitated the financial crisis.

Massive customer holdings have apparently gone missing thanks to a secret “back door” in the FTX bookkeeping system that allowed Bankman-Fried to make changes to the company’s financial records without any accountability. This connivance may have been used to hide at least $10 billion in client funds Bankman-Fried transferred from exchange to another company he founded, digital asset trader Alameda Research. 

While mainstream media pores over the details of Bankman-Fried’s gargantuan crypto scam, not one single major outlet has investigated or even acknowledged FTX’s relationship with the government of Ukraine. 

Were client holdings unaccountably and illegally funneled into the West’s proxy war? Or did the supposed aid FTX sent to Kiev find its way into the hands of Ukrainian scammers, corrupt warlords and illicit actors? 

The corporate media’s failure to explore these questions appears all the more perverse given Bankman-Fried’s flamboyant promotion of his intimate financial relationship with the government of Ukrainian President Volodymyr Zelensky.

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Here Are The Democrats And Republicans Who Received Campaign Cash Linked To Bankrupt Crypto Empire FTX

Democrats heavily benefited from the campaign contributions of disgraced cryptocurrency billionaire and FTX CEO Sam Bankman-Fried, while other affiliates of the company likewise helped Republicans ahead of the company’s failure last week.

FTX filed for bankruptcy on Friday after users discovered that firms controlled by Bankman-Fried were allegedly fraudulently intertwined, causing him to lose his fortune overnight. The young multibillionaire contributed nearly $39 million during the recent midterm elections, with 99.6% of funds benefiting Democratic candidates, according to data from Open Secrets, which listed him as the nation’s sixth-largest individual midterm donor.

The 30 year old donated $27 million to Protect Our Future PAC, a left-leaning group which in turn spent heavily on behalf of Democratic candidates for the House of Representatives. A contribution of over $10 million from Protect Our Future PAC benefited Carrick Flynn, who lost his Democratic primary in Oregon. Other beneficiaries included Rep. Lucy McBath (D-GA), Rep. Shontel Brown (D-OH), Rep. Robert Garcia (D-NC), and Rep. Valerie Foushee (D-NC), all of whom won re-election.

Bankman-Fried also contributed $1 million to the Senate Majority PAC, which supports Democratic candidates for the Senate, and $6 million to the House Majority PAC. During the 2020 election cycle, he was the second-largest donor to the Biden campaign.

Bankman-Fried directly supported a number of individual candidates as well. Two such candidates, Rep. Kevin Hern (R-OK) and Rep. Jesus “Chuy” Garcia (D-IL) donated their respective $5,000 and $2,900 contributions to charity after FTX filed for bankruptcy, according to a report from The Block.

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Crypto Developer Found Dead Hours After Claiming CIA/Mossad Were Sex Trafficking In Caribbean

A young crypto developer and millionaire was found dead just hours after making disturbing comments about the CIA, Mossad, and pedophile elites on Twitter.

Nikolai Mushegian, a prominent figure in the cryptocurrency world, claimed intelligence agencies like the CIA and Mossad were operating a “sex trafficking entrapment blackmail ring” in the Caribbean.

“CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death,” Mushegian posted to Twitter on October 28 at 4:57 AM.

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Collapsed crypto trading firm CEO was 28-year-old, Harry Potter obsessed ‘polycule’ member

As the implosion of crypto exchange FTX continues, new claims about the “gang of kids” responsible for the $US32 billion disaster are emerging — with allegations of amphetamine use and a freewheeling, 10-person “sexual polycule” inside the luxury Bahamas penthouse that served as the doomed operation’s headquarters.

Sam Bankman-Fried, 30, is now facing criminal investigation in the Bahamas, as well as regulatory probes in the US, over the collapse of FTX and around 130 affiliated entities, including controversial trading firm Alameda Research.

Attention is now turning to the central role of Alameda and its CEO Caroline Ellison, 28 — Mr Bankman-Fried’s rumoured sometimes-girlfriend — a Harry Potter obsessed, amphetamine-using, Stanford mathematics graduate.

FTX is alleged to have secretly transferred up to $US10 billion of customer funds to Alameda to fund risky cryptocurrency trades prior to its collapse.

According to a bombshell report by CoinDesk, Ms Ellison and Mr Bankman-Fried were part of a “cabal of roommates” who ran the crypto empire and “dated” each other, while living in a $US40 million penthouse in the Bahamas’ exclusive Albany resort.

Many of the 10 roommates, including Ms Ellison, are Mr Bankman-Fried’s former co-workers from trading firm Jane Street, while others he met at the Massachusetts Institute of Technology.

Also living in the house were FTX co-founder and chief technology officer Gary Wang and director of engineering Nishad Singh. “All 10 are, or used to be, paired up in romantic relationships with each other,” CoinDesk reported.

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REVEALED: CEO of cratering crypto firm FTX is Dems’ second largest donor, behind Soros

Sam Bankman-Fried, the CEO of crypto exchange company FTX, and the second biggest donor to the Democrat party, is in hot water as his company is in financial freefall with over $1 billion missing.

According to Fortune, “30-year-old Bankman-Fried has been a major force in Democratic politics, ranking as the party’s second-biggest individual donor in the 2021–2022 election cycle.”

Bankman-Fried made donations to the Dems that totaled $39.8 million, putting him just behind George Soros and his $128 million in donations.

He had even promised to spend more money on Dems in the future, saying he could go “north of $100 million” with a “soft ceiling” of $1 billion for the 2024 elections.

Bankman-Fried was a significant donor to Biden in 2020. He’s the largest financial contributor to the Protect Our Future PAC, “the political action committee which endorsed Democratic candidates such as Peter Welch, who this week won his bid to become Vermont’s next senator, and Robert J. Menendez of New Jersey, who secured a House seat.”

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