FTX’s Sam Bankman-Fried (SBF) Officially Charged With Conspiracy To Make Unlawful Political Contributions and Defraud the Federal Election Commission
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The US Federal Election Commission (FEC) has come out today with proverbial fists swinging to remind the public at large that the descent of FTX's former CEO, Sam Bankman-Fried (SBF), into an abyss of infamy remains a work in process.
NEW INDICTMENT CONTAINS FOUR FRAUD CHARGES AND EIGHT CONSPIRACY CHARGES https://t.co/PysIkIIyeh
— *Walter Bloomberg (@DeItaone) February 23, 2023
To wit, the FEC has formally charged Sam Bankman-Fried with the conspiracy to make unlawful political contributions and defraud the Federal Election Commission.
* BANKMAN-FRIED IS CHARGED WITH CONSPIRACY TO MAKE UNLAWFUL POLITICAL CONTRIBUTIONS AND DEFRAUD THE FEDERAL ELECTIONS COMMISSION@reuters
— Carl Quintanilla (@carlquintanilla) February 23, 2023
Back in December 2022, Citizens for Responsibility and Ethics in Washington (CREW), an ethics watchdog group, had formally petitioned the FEC to investigate alleged violations of the election law by Sam Bankman-Fried, who had admitted donating millions of dollars to Congressmembers. In fact, as per a tabulation by CoinDesk, one in three US Congress members have received some funding from SBF.
Today's indictment alleges that Sam Bankman-Fried made over 300 illegal political contributions worth over $10 million.
JUST IN: SBF indictment says he made over 300 illegal political donations worth more than $10 million.
— Watcher.Guru (@WatcherGuru) February 23, 2023
Unusual Whales has compiled an exhaustive list of legislators who benefitted from Sam Bankman-Fried's largesse.
BREAKING: FTX is sending letters to politicians who received donations from FTX to return the money they
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