cryptonews: Federal prosecutors effectively accuse SBF of secretly donating tens of millions of dollars to try and buy favorable crypto regulations. 🧐
When federal prosecutors added more charges to FTX founder and ex-CEO Sam Bankman-Fried, they also upgraded the campaign finance violation charges, effectively accusing him of secretly donating tens of millions of dollars to try and buy favorable crypto regulations.
"Exploiting the trust that FTX customers placed in him and his exchange, Bankman-Fried stole FTX customer deposits, and used billions of dollars in stolen funds for a variety of purposes, including… to try to purchase influence over cryptocurrency regulation in Washington, D.C. by steering tens of millions of dollars of illegal campaign contributions to both Democrats and Republicans."
"But his effort to influence politics did not stop there," prosecutors charged in the Feb. 24 indictment. "To avoid certain contributions being publicly reported in his name, Bankman-Fried conspired to and did have certain political contributions made in the names of two other FTX executives… in the names of those FTX executives, but with FTX and Alameda funds."
In total, Bankman-Fried and the two other "co-conspirators" made more than 300 illegal political contributions using corporate funds and directed by Bankman-Fried, the indictment charged.While Bankman-Fried made many donations in his own name he used one "co-conspirator" for donations to more left-leaning Democrats and another to Republicans. Based on campaign contribution filings Singh donated to left-leaning Democrats while Salame became a top Republican donor.
While that FTX executive was uncomfortable making the donation, prosecutors said, he "agreed there was not anyone 'trusted at FTX [who was] bi/gay' in a position to make the contribution."Prosecutors said — and Bankman-Fried confirmed in a post-arrest interview — that he preferred "to keep contributions to Republicans 'dark.'"
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Three big crypto stories in week ahead: Blur, ETHDenver and Sam Bankman-FriedWe take a look at what’s going to happen this coming week, with Blur’s trading volumes a key talking point and ETHDenver set to kick off.
Baca lebih lajut »
Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut upMost white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.
Baca lebih lajut »
Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut upMost white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.
Baca lebih lajut »
Prosecutors Pile More Charges on Sam Bankman-Fried | CoinMarketCapcryptonews: Federal prosecutors introduced a new indictment on Thursday that ups the number of charges Sam Bankman-Fried is facing in the collapse of the FTX cryptocurrency exchange from eight to 12. 🧐
Baca lebih lajut »
Early Addition: In retrospect, the New York/New Jersey MetroStars was a fun team nameCardi B's community service in NYC has been a journey, so here are your morning links: The British superfans who love MLS, the NYC Dept. of Transportation misspelled Jackie Robinson's name, the Pentagon wants soldiers to avoid poppy seed muffins and more.
Baca lebih lajut »
Soup or fried fish, prayer vigil, highlight Lenten Fridays in Arlington dioceseEvery Friday until Easter, the Rev. Francis de Rosa, a Roman Catholic priest who oversees two parishes in the Arlington Diocese will pray and eat soup and bread with parishioners at the church in Colonia Beach, on Virginia's Northern Neck.
Baca lebih lajut »