Earlier quoted context omitted.
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>Soros-type supervillain As in, someone who survived the Holocaust and uses his money to promote democracy around the world?
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Bankman-Fried used $100M in stolen FTX funds for political donations, US says
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Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#102Earlier quoted context omitted.
>Soros-type supervillain As in, someone who survived the Holocaust and uses his money to promote democracy around the world?
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This is an incredibly disingenuous post. Soros called 1944 the happiest year of his life because he witnessed his father's bravery in saving other Jews.
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#103Earlier quoted context omitted.
Stupid question: Doesn't a (social or legal) norm to return money donated by crooks make politicians more willing to sweep their donors' misdeeds under the rug (and push judges to do the same), in order to avoid having to justify themselves?
Possibly, but the risk appears substantial for a relatively modest payoff. If their guilt is glaringly apparent and your stance is interpreted as supportive, the blowback could be even more detrimental compared to promptly creating distance and professing unawareness of their wrongdoing, genuine or not. The level of risk seems considerably high for an amount of money that, in the realm of campaign contributions, isn'…
Worse, if the money is dirty, it might give prosecutors a reason to start investigating your campaign. Many federal prosecutors are more than eager to make their name in the Justice Department by taking down a prominent public figure.
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#104Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#105In 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.
“Funny, I've always believed that the world is what we make of it”
Another instance, and a nice site:
https://www.reellifewisdom.com/proactive_i_ve_always_believe...
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#106"An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans, and to conceal where the money came from." Here is the amended indictment. https://storage.courtlistener.com/recap/gov.uscourts.nysd.59... "9. As noted above, SAMUEL BANKMAN-FRIED, a/k/a "SBF," the defendant, also used misappropriated customer money t…
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Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#107Seems relevant to much of the discussion here. https://unusualwhales.com/politics/article/senate_ftx
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Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#108Earlier quoted context omitted.
...where do I begin. > Most of the recipients have already pledged "Most" have "pledged"...that does not give me as much comfort as it gives you. > Some have already done so. To who? Do those politicians perhaps have relationships with the orgs they donate to? I wouldn't trust a politician as far as I can throw one. Especially in this case where they could have easily returned the money to the bankruptcy trustee.
All campaign expenditures are public data. Most picked charities from the area they represent.
I'm sure FTX creditors will be happy with these choices.
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#109Seems relevant to much of the discussion here. https://unusualwhales.com/politics/article/senate_ftx
Good look into the sausage factory. Would love to dial in further and see who acted on the bribe. I mean donation.
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#110The funds should be easy to audit and claw back from the political recipients and distribute back to the victims, right? ...right? /S
Most of the recipients have already pledged to donate the money. Some have already done so.
It's not their money to donate, stolen proceeds belong to the victims. They should've given it back to FTX.
Additionally, money is fungible, so the politicians can't claim the money is "gone" after being donated, since presumably they're not bankrupt and have other money FTX can claw back.