Bankman-Fried used $100M in stolen FTX funds for political donations, US says

Funny how because these are "donation" and "lobbying" but not "bribe" there is no consequence for the receiving party and also no recuperation of the money.

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#7

Post by unyttigfjelltol » Tue, Aug 15, 2023, 12:51 AM UTC

In a just and fair world, the lawmakers elected by corrupt crypto-barons' misappropriation would be chastened. Unfortunately, we don't seem to live in that world.

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#8

Post by bb88 » Tue, Aug 15, 2023, 12:54 AM UTC

ncann wrote: post #6

Funny how because these are "donation" and "lobbying" but not "bribe" there is no consequence for the receiving party and also no recuperation of the money.

I suspect there will be pressure to return the money, particularly if it was through straw donors, lest anyone be associated with taking dirty, dirty money from a criminal.

100M isn't that much money for political campaigns in 2023.

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#9

Post by [deleted] » Tue, Aug 15, 2023, 12:54 AM UTC

paulpauper wrote: post #2

and it looks like those donations will get him nowhere.

[deleted]

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#10

Post by msgilligan » Tue, Aug 15, 2023, 12:58 AM UTC

paulpauper wrote: post #2

and it looks like those donations will get him nowhere.

They got him far. But eventually he flew too close to the sun.