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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

#41

Post by ceejayoz »

ImPostingOnHN wrote: post #31
ceejayoz wrote: post #25

Earlier quoted context omitted.

David Weiss is the prosecutor 31 Senate Republicans specifically requested not long ago. https://www.cornyn.senate.gov/wp-content/uploads/2022/09/Hun... > Sen. Marsha Blackburn (R-Tenn.) does not think much of the appointment of U.S. Attorney David Weiss as special counsel for the Justice Department’s investigation into Hunter Biden, the president’s son. > Attorney General Merrick Garland “knows Weiss will protect Hu…

> Y'all need to make up your minds it's unclear what you're even talking about here. Who is y'all? What does y'all need to make their minds up about?

The parent poster referenced David Weiss, the newly appointed special counsel in the Hunter Biden case, implying that SBF needs him to give a sweetheart deal of some kind ("pre trial diversion", "immunize... from other charges").

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

#42

Post by l33t7332273 »

wongarsu wrote: post #36
lacrimacida wrote: post #24

Earlier quoted context omitted.

> Because even if the politician wants to repay it, new donors want their money going to re-election activities, not going to repay FTX. After a period of time, you might as well be asking the television stations to return the money they received for running the campaign ads, which... isn't gonna happen. Politicians should be made to pay out of their own pockets or have an insurance for this type of situation.

> Politicians should be made to pay out of their own pockets We don't want to create a system where only the rich can afford to be politicians ... or at least we don't want to make that any worse than it already is

Would that make it worse? The median net worth in the senate is north of 40 million.

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

#44

Post by downWidOutaFite »

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.

In Citizens United our wise Supreme Court enshrined bribery as a fundamental right. No law can be passed to stop it.

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

#47

Post by ratsmack »

andrewmutz wrote: post #32
edgyquant wrote: post #23

Earlier quoted context omitted.

Considering this is a common belief, it’s hard to agree they’ve convinced anyone.

Have you been to a country that has actual corruption?

You say that as if the US is free of corruption.

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

#48

Post by harry8 »

crazygringo wrote: post #13
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.

It's quite common for politicians to return money that is stolen/foreign/otherwise when they find out. Sometimes because the law requires it, but also if they don't, the attack ad for their opponent writes itself. Although obviously it depends on how much time has passed and whether the money should already be considered "spent". Because even if the politician wants to repay it, new donors want their money going to r…

> you might as well be asking the television stations to return the money they received for running the campaign ads, which... isn't gonna happen.

The PACs should have to return it and if they can't they're declared bankrupt and everyone associated with running them should be barred for 10 years from involvement in political donations in all forms.

Why are PACs lawless relative to the rest of us, do you think?

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

#49

Post by cool_dude85 »

paulpauper wrote: post #2

and it looks like those donations will get him nowhere.

Didn't he already have some very prominent 1st amendment lawyer writing legal briefs about how not letting him intimidate witnesses was a big 1st amendment issue?

Sure, his money spends, maybe the guy would have done it for anyone who paid enough, but I suspect all these prior donations helped grease the wheel for that kind of thing, a lot.

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

#50

Post by duxup »

crazygringo wrote: post #13
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.

It's quite common for politicians to return money that is stolen/foreign/otherwise when they find out. Sometimes because the law requires it, but also if they don't, the attack ad for their opponent writes itself. Although obviously it depends on how much time has passed and whether the money should already be considered "spent". Because even if the politician wants to repay it, new donors want their money going to r…

I remember someone making out checks to political campaigns from various horrible organizations as a bit of a stunt.

I was surprised how many returned the checks.

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