As part of a widening investigation into disgraced FTX founder Sam Bankman-Fried, federal prosecutors are now looking into campaign donations in Oregon from Bankman-Fried and Nishad Singh, a former director of engineering at FTX.
The prosecutors from the Southern District of New York (SDNY) are also learning about Singh’s role in the fraud allegedly conducted by FTX.
Investigators are likely to uncover a tangled web of connections in the state, where Bankman-Fried and associates spent tens of millions of dollars, primarily to benefit the Democrat party and congressional candidates.
Campaign finance records show that the Democratic Party of Oregon (DPO) PAC received a $500,000 contribution in 2022, which it reported in campaign finance filings as coming from the cryptocurrency startup Prime Trust based in Nevada….