Former FTX CEO Sam Bankman-Fried’s significant contributions to Democratic candidates and groups have drawn scrutiny, adding to the mounting woes faced by the disgraced crypto boss.
Most of the money was sent by Bankman-Fried to political action committees (PACs), with over $38 million going to liberal groups in 2022, with another $990,000 in individual campaign donations going to candidates directly, according to campaign finance watchdog Open Secrets.
But the PAC money was also used to support individual candidates, with $24,246,001 going in direct support of Democrat candidates.
Overseas Links
At least $29 million of the $38 million in PAC money came from addresses in Nassau, the capital of The Bahamas, according to an analysis of Federal Election Committee (FEC) data by The Epoch Times, raising concerns about the source of the funds, according to legal experts….