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

reuters.com

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

#111
post #79

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There's been a flood of temp accounts posting political comments today. This one is 8 minutes old at time of posting. There were 3 or 4 accounts earlier today posting about Assange and "anti-Russian Nazi propaganda" and defending the imprisonment of Navalny, most of which were either created in the past 24 hours or have posted exclusively about those topics since their creation. Interesting.

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

#112

"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

#114
So does only the donator get punished here and not as well the recipient? Isn't it generally the case if you receive stolen goods they can be take away?

I think there should be an exception specificity for political donations where the recipient is just as much in trouble for an illegal donation as the party sending it.

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

#115

Earlier quoted context omitted.

Called a right in the US, but when it happens somewhere else, particularly in developing nations, it's called bribery and the govt and politicians called corrupt.

No the two are seperate concerns. Lobbying/donations are a fundamental part of governance in almost all countries. Bribery is illegal in almost all countries but enforcement is mixed.

That's the illusion you've been sold. Semantics.

You give someone with political power money in order to buy their support and/or influence the way they spend government money/efforts. That's what bribery is. That's what lobbying is.

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

#116
post #80

Earlier quoted context omitted.

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.

How easy is it to clawback money donated to a politician through a 3rd party? I am not a lawyer and don't live in the US, but I imagine that being super difficult and lengthy as a process.

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

#117

Earlier quoted context omitted.

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.

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Soros’s fellow Hungarian Jew Imre Kertész, survivor of Auschwitz and Buchenwald and Nobel Prize for Literature laureate, said that he sometimes looked back on the death camps and recalled the moments of happiness he experienced there. It’s [spoiler warning] the climactic moment of his most acclaimed book. For Jews, living through the Holocaust brought some paradoxical emotions, which ultimately serve as proof that the human spirit is indomitable even in the darkest times.

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

#118

"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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Lincoln Project is very Republican. They just don't support Trump...

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

#119

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?

Democracy is a beloved system of billionaires because they are able to pressure the weak men in power with money.

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

#120

Earlier quoted context omitted.

No the two are seperate concerns. Lobbying/donations are a fundamental part of governance in almost all countries. Bribery is illegal in almost all countries but enforcement is mixed.

That's the illusion you've been sold. Semantics. You give someone with political power money in order to buy their support and/or influence the way they spend government money/efforts. That's what bribery is. That's what lobbying is.

John Stewart advocating for 9/11 first responders or you calling your Senator to tell them to support or oppose a bill would then be called what?

That technically would be lobbying but you define that was also bribery.

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