US investigators are investigating BSF’s Political contributions
According to the New York Times, federal investigators have demanded information on payments made to Democrats and Republicans by the former CEO of FTX and several of his coworkers.
According to the New York Times, federal prosecutors in the United States are seeking further information about political contributions made to Democratic and Republican politicians.
The newspaper said that after Bankman-Fried on Monday, authorities had contacted “representatives for campaigns and groups that had received millions of dollars” from Bankman-Fried and co-founders of other firms.
According to the New York Times, a prosecutor from the U.S. Attorney’s Office for the Southern District of New York emailed a law firm representing significant Democratic political parties, demanding information about contributions made by Bankman-Fried and associates. Emails were sent to campaign groups, huge super PACs, and Representative Hakeem Jeffries, according to the news source.
According to the article, Jeffries and other legislators “either refunded contributions tied to FTX or donated the funds to charity” in the aftermath of the embarrassing collapse of the cryptocurrency exchange.
The Democratic National Committee and the party’s Senate and House campaign committees said earlier this week that they intend to refund more than $1 million in contributions from Bankman-Fried.
Republican campaigns and groups are also being examined for accepting contributions from an FTX executive “who was a leading funder on the right,” according to the New York Times, which again cites anonymous sources. Bankman-Fried has been detained and is being charged with both criminal and civil fraud.