An indictment that was submitted by the Southern District of New York (SDNY) said that the founder of FTX who was detained, Sam Bankman-Fried, made political donations using the names of other individuals.
Sam Bankman-Fried, also known as SBF, was taken into custody on December 12 by the authorities in the Bahamas. He is scheduled to stand trial in the United States on charges including laundering money and wire fraud.
In the document that was submitted by SDNY Attorney Damian William, it is stated that SBF violated United States campaign finance regulations by making donations to politicians under the identities of other individuals.
Allegedly, the founder of FTX and his unknown associates gave more than $25,000 to various lawmakers in the United States.
SBF Had Accepted About Donating The Funds
In a tweet (1) from earlier on November 5, the founder of FTX admitted that he was a substantial donor to the political campaigns of a number of lawmakers in the United States.
1) I was a significant donor in both D and R primaries.
Supporting constructive candidates across the aisle to prevent pandemics and bring a bipartisan climate to DC.
And working with them to support permissionless finance.
— SBF (@SBF_FTX) November 5, 2022
“I was a significant donor in both D and R primaries. Supporting constructive candidates across the aisle to prevent pandemics and bring a bipartisan climate to DC. And working with them to support permissionless finance.”
SBF continued by saying that his contributions were made to lawmakers of both the Democratic and Republican parties. However, in order to prevent any negative publicity from the media, he sent all of his money to the Republican Party in secret.
The FTX enterprise, which is run by Sam Bankman-Fried, was identified (2) as the third-largest donor in the United States midterm election.