US prosecutors investigating Democrats over FTX donations – NYT

Prosecutors in New York are seeking information from Democrat politicians and organizations on donations from disgraced crypto tycoon Sam Bankman-Fried, the New York Times reported on Saturday. Before he was arrested and charged with fraud, Bankman-Fried donated over $70 million to Democratic causes.

The son of two long-time liberal activists, Bankman-Fried donated more than $70 million to Democratic campaigns and organizations in the last 18 months, a figure surpassed only by liberal megadonor George Soros. After his crypto exchange – FTX – filed for bankruptcy in November, it emerged that the company had been funneling customer money to his other trading firm, Alameda Research.

While Bankman-Fried has since been arrested and charged with fraud, money laundering, and violations of campaign finance laws, the politicians who benefited from his largesse have until now avoided legal scrutiny.