(News Punch) FTX founder Sam Bankman-Fried secretly funnelled over $40 million dollars in stolen funds to the Democratic Party during this year’s midterm elections, according to reports.
Bankman-Fried was second only to globalist billionaire George Soros among billionaire donors to Democratic groups during the 2022 midterm election cycle.
Summit.news reports: 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.
In late September, Bankman-Fried admitted that his political donations were mostly to Democrats, and Republican recipients were ‘targeted.’
But it goes much deeper than that
Bankman-Fried ‘heavily courted’ the CFTC, “and funded several key lawmakers charged with overseeing the agency, pouring cash into their campaign coffers,” as the Daily Caller notes.
The CFTC is charged with regulating certain elements of the crypto marketplace, including digital assets that are commodities as well as crypto exchanges and clearinghouses. The agency is overseen by the Senate and House Agriculture Committees, with the former tasked with approving CFTC commissioners nominated by the president.
The former FTX CEO personally donated to the Senate committee’s chairwoman, Democratic Michigan Sen. Debbie Stabenow, contributing over $20,000 to the Stabenow Victory Fund and $5,800 to her campaignfor Senate. Bankman-Fried donated roughly $6,000 to the committee’s ranking member, Republican Arkansas Sen. John Boozman, as well, and $5,800 to the ranking member of the Subcommittee on Commodities, Risk Management and Trade, Republican Montana Sen. John Hoeven. -Daily Caller
Others have connected dots and concluded that FTX may have been a money laundering operation.
So reading between the lines here was FTX a giant piece of the money laundering machine for the DNC and Ukraine? It looks like it to me.
— Gordo Stevens 🇺🇸 (@GordoCDA) November 12, 2022
