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Sam Bankman-Fried Is Not Alone: Some of History’s Greatest Monsters Were Democratic Megadonors


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What happened: Sam Bankman-Fried, the digital guru who earlier this year pledged to spend as much as $1 billion in support of Democratic candidates, is under federal investigation after the cryptocurrency exchange he founded declared bankruptcy amid accusations of fraud and financial mismanagement.

Why it matters: Bankman-Fried is the latest in a long line of Democratic megadonors to be accused of egregious criminal acts.

 

$40,000,000 — The amount SBF donated to political candidates and committees during the 2022 election cycle, the vast majority of which were aligned with the Democratic Party.

$15,600,000,000— Bankman-Fried's estimated net worth on Nov. 8, 2022.

$0 — His estimated net worth on Nov. 11, 2022.

The Democratic Party Hall of Dishonor:

Assuming he is ultimately charged and convicted of orchestrating a financial scam, Bankman-Fried will live in infamy alongside the following Democratic megadonors of degenerate disrepute—the giants upon whose shoulders he once stood.:snip:

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FTX founder Sam Bankman-Fried to appear alongside Ukraine’s Volodymyr Zelensky at exclusive NYT event

Disgraced FTX founder Sam Bankman-Fried is scheduled to speak at an exclusive conference hosted by the New York Times alongside Ukrainian President Volodymyr Zelensky and US Treasury Secretary Janet Yellen.

The DealBook Summit, sponsored by Accenture, will be held at Jazz at Lincoln Center in Manhattan on Nov. 30 and features speeches from supposed luminaries such as Mark Zuckerberg, Mayor Eric Adams, former Israeli Prime Minister Benjamin Netanyahu, and former Vice President Mike Pence.

The fee to attend the conference is a whopping $2,499, according to DealBook Summit’s website. A ticket includes mainstage conversations, VIP Networking Sessions, Breakfast and Lunch and a cocktail reception. :snip

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Maxine Waters Dodges Questions About FTX as Pics of Her With SBF Raise New Concerns

The Chair of the House Financial Services Committee announced that she would be launching an investigation into the collapse of FTX to “explore exactly what has taken place.” We reported on the collapse and the funny business that had allegedly gone on with the funds, estimated at over $1 billion that went missing.

 

Except that the only problem with that is that the Chair of the Committee is Maxine Waters. If you ever wanted an open and honest transparent investigation of anything, Waters would probably be the last person you would choose to be in charge of it–particularly given the involvement of the Democrats with FTX.

How do we know that this isn’t going to go well already?

Fox Business reporter Hillary Vaughn asked Waters if Democrats who got campaign cash from FTX should give it back. Waters’ response?:snip:

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