Winklevoss Urges Scrutiny of FTX and SBF Political Donations
Gemini co-founder Cameron Winklevoss calls for reinvestigation into campaign finance allegations against now-defunct FTX exchange founder Sam Bankman-Fried circumstances of being revoked.
Winklevoss stressed the need for the incoming U.S. attorney general to address outstanding concerns about how these charges related to election interference involving stolen client funds will be handled.
Winklevoss calls for investigation into FTX-related election interference claims
In a Nov. 23 X post, Winklevoss expressed his belief that campaign finance charges remain a key issue. He noted that the Justice Department under Merrick Garland declined to pursue the charges due to technical extradition issues with the Bahamian government.
Winklevoss said the Justice Department chose not to go through the necessary legal process to include campaign finance violations in the indictment, leaving the matter unresolved.
“Merrick Garland’s Justice Department declined to bring campaign finance charges against SBF because they were not included in his extradition…Since when has the paperwork come between prosecutors and adding more charges? Job? Especially when it comes to election interference and stealing $100 million of client funds,” Winklevoss point out.
Federal prosecutors initially dropped the campaign finance charges last year, attributing their decision to opposition from Bahamian authorities. The charges involve more than $100 million allegedly provided by Alameda Research to fund more than 300 political contributions.
The donations, often made through straw donors or corporate funds, were intended to bolster Bankman-Fried’s influence in Washington, D.C., according to the indictment.
The indictment also states that Bankman-Fried became a top political donor in the 2022 midterm elections. He allegedly used the funds to win over candidates across party lines, potentially enacting legislation that would benefit FTX and the broader cryptocurrency industry.
Winklevoss’s comments came as other key figures also made comments. FTX crashes Face their consequences. Caroline Ellison and Ryan Salame were sentenced to two years and 7.5 years respectively. Wang Jiali Nishad Singh avoided jail by cooperating with prosecutors. Bankman-Fried He is currently serving a 25-year sentence for fraud and other crimes.
Meanwhile, FTX announced plans to implement its Approved restructuring strategy Starting in January. The exchange’s administrator has recovered billions of dollars for creditors and is working on Increase efforts to recover assets held by other entities.
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