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SBF Used Loans, ‘Straw Donors’ to Hide Political Donations: Indictment

By Ken Silva

‘In general, you being the center left face of our spending will mean you giving to a lot of woke shit for transactional purposes…’

 

Prosecutors unveiled new charges against FTX founder Sam Bankman-Fried on Thursday, including new details about how he allegedly used “straw donors” to mask his political contributions to Democrats and Republicans alike.

FTX’s political contributions have been a subject of controversy since its collapsed last year. It’s been revealed that SBF contributed at least $40 million over the last two years—making him the second-largest Democrat donor behind George Soros—while fellow former FTX executive Ryan Salame was the 10th largest GOP donor with at least $19 million in contributions.

All told, FTX lawyers estimate that the company and its staff spent $93 million on political contributions.

However, the DOJ’s new indictment against SBF indicates that the total contributions could be a lot more. The new indictment does not estimate a grand total for FTX or SBF’s political donations, though it does say 300 “unlawful” political contributions totaling tens of millions of dollars.

 

 

 

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