Dec 16, 2022

Disgraced crypto bro Sam Bankman-Fried donated $5.2 MILLION to Biden’s 2020 campaign

Among those at the top of the list was then presidential candidate Joe Biden, whose campaign received over $5 million from Bankman-Fried and FTX in 2020.

On Tuesday, the Department of Justice announced that FTX co-founder and former CEO Sam Bankman-Fried had been charged with “conspiracy to defraud the Federal Election Commission and commit campaign finance violations” following revelations that he misappropriated customer funds to make donations to US political candidates.

Among those at the top of the list was then presidential candidate Joe Biden, whose campaign received over $5 million from Bankman-Fried and FTX in 2020.

According to New York Magazine's Intelligencer, Bankman-Fried donated $5.2 million to Biden and a number of groups that supported his run for president, making him the second highest funder of the campaign behind former New York City mayor Michael Bloomberg.

In a February 2021 interview, Bankman-Fried said his decision to hand over millions to the Biden campaign was motivated by the soon-to-be president's "generic stability and decision-making process," not by support for any particular policy.

Despite his massive contribution, Bankman-Fried never spoke with Biden, however he said the opportunity would be "super cool."

"There are a lot of things I could talk his ear off about," he said, "but I'm pretty sure he wouldn't give a sh*t."

moar: https://thepostmillennial.com/disgraced-crypto-bro-sam-bankman-fried-donated-5-2-million-to-bidens-2020-campaign