BREAKING — $FTX Donated $1 Million to the Super-PAC Linked to Mitch McConnell, The Senate Leadership Fund, on October 27 Just Days Before $FTX Declared Bankruptcy.
FTX US also gave $750,000 to the Congressional Leadership Fund & $150,000 to the American Patriots PAC, both of which supported House Republican candidates.
When FTX collapsed, US lawmakers suggested that Sam Bankman-Fried may have worked with his SEC’s Gary Gensler to gain monopoly rights in the space.
The same representative was recently exposed as part of a bipartisan team trying to stop a government probe into FTX.
Former FTX CEO Sam Bankam-Fried is also known as the second-largest midterm election donor, giving nearly $40 billion.
Other executives at his firm are also prominent political donors of varied personalities, including Ryan Salme, who has donated more than $20 million, mostly to Republican candidates.
FTX executives’ political contributions became increasingly controversial after it was revealed that the company had siphoned off billions of dollars worth of users’ assets by lending them to Alameda Research.
Things got worse after reports that Alameda loaned Sam Bankman Fried over $3 billion for personal use.
The controversy surrounding FTX’s bankruptcy continued to escalate during the bankruptcy proceedings. Court records say Bahamian regulators were behind the hack shortly after Chapter 11 was filed.
John J. Ray, FTX’s current CEO, also called the company’s lack of an in-house accountant “the worst management failure”.
The post FTX Gave $1M to a Republican SPAC Two Weeks Before Bankruptcy first appeared on Coin Edition.
On top of this Bankman-Fried's FTX, senior staff, parents bought a massive estate in the Bahamas worth $300 Million to shelter assets offshore & attempt to anonymously store reserves for a “rainy day fund”.
In summary, FTX gave a RINO Republican SPAC $1 Million Just Two Weeks Before Bankruptcy
FTX US gave $1 million to a Republican’s fund two weeks before filing for bankruptcy.
Sam Bankman donated $40 billion to Democrats in midterm elections.
Alameda Research loaned Sam Bankman Fried over $3 billion for personal use.
Two weeks before declaring bankruptcy, FTX US reportedly gave $1 million to a Super PAC. A Republican-affiliated Senate Leadership Fund, one of the largest donors in the midterm elections, and several other donations were made by company executives. Yeah….that’s not sketchy whatsoever. Nothing to see here…..
A recent filing with the Federal Elections Committee made the first mention of the donation to the Senate Leadership Fund.
To avoid any paper trail going from $FTX directly to Hobbs the money got their “indirectly”. You can’t make this shit up. The entire AZ election needs to be redone.
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Active FTX criminal investigation launched, Bahamas Attorney General reiterates.
Commenting on the recent spat between Bahamian authorities and FTX's new management, the country's attorney general, Ryan Pinder, said newly appointed CEO John Ray had "made inaccurate allegations."
He also praised the Bahamas Securities and Exchange Commission for its "swift" response to FTX's collapse.