FTX founder Sam Bankman-Fried is being charged with violating multiple campaign finance laws in a federal indictment.
accuses Bankman-Fried and others of violating numerous federal campaign finance laws by, among other things, giving contributions of at least $25,000 to campaigns and political action committees"in the names of other persons."
"All this dirty money was used in service of Bankman-Fried's desire to buy bipartisan influence and impact the direction of public policy," said Damian Williams, the U.S. Attorney for the Southern District of New York, at a press conference.
The watchdog, Citizens for Responsibility and Ethics in Washington, said Bankman-Fried admitted he donated so-called dark money to Republican-aligned groups during the 2022 primary season. Those donations would not have been disclosed in FEC filings.quotes an interview with Bankman-Fried, who is known as SBF, that suggests he donated up to $37 million or more to GOP-linked campaign efforts in a manner that avoided legally required public disclosure of those contributions.
The source of that contribution, according to the filing, is labeled as being West Realm Shires Services, the trading name for FTX. Painter noted that it is known that Bankman-Fried coordinated some of his political donations with his mother, Stanford Law professor Barbara Fried, who previously was the head of a political action committee called Mind the Gap.But Painter said,"These campaign contributions from SBF and PAC money raised by members of his family of course bought an enormous amount of influence in Washington.
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