Intermarkets' Privacy Policy

Donate to Ace of Spades HQ!

Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

Fashion Designer Whose Luggage Went Missing, and Then Saw Sam Brinton Swanning Around In Her Hand-Made Clothes, "Lost" Her Bag In... Washington, DC
The FBI Has Been Informed of the Theft and Is Burying the Case
| Main | Fire of Manhood Cafe
February 23, 2023

Sam Bankman-Fried Hit With Additional Charges, Alleging Attempt to Buy Political Influence During Midterms

Jacob Silverman @SilvermanJacob

Reading through SDNY's superseding indictment against SBF, which now includes 12 charges (up from 8). What sticks out right away is that the government lists the FEC as a fraud victim and is explicit about Sam's attempt to purchase political influence.


Prosecutors allege FTX was not a "legitimate business." It was SBF's piggy bank.


USG claims SBF used Alameda funds to fill a $45m hole at FTX[.]US. Not much money in this overall scheme.


He notes the new indictment alleges commingling of funds between FTX (the bitcoin trading firm) and Alameda (the investment firm). This is important because people leaving their money at FTX were guaranteed their funds would not be used for any purpose -- essentially Bankman-Fried was providing them with a digital bank vault, a place to park their money in between trades. And your banker cannot just take your money to cover losses he's accrued with his investment firm.

But that's of course what he did. And that's fraud. Or, just theft, really.

But on to the parts alleging Sam Bankman-Fried's scheme to pump money into DC.

Via Nick Arama at Red State:

It also laid out in greater detail the straw donor scheme that SBF allegedly used to funnel $70 million to candidates to help influence the 2022 midterms. According to the indictment, SBF "made over 300 political contributions, totaling tens of millions of dollars, that were unlawful because they were made in the name of a straw donor or paid for with corporate funds." To avoid the law and exceed the contributions he could make, he allegedly made some of those political contributions in the name of two other FTX executives.

According to the indictment, he had one associate be the "face" to give to "center-left" candidates and another to give to Republican candidates. One consultant told one of the associates: "In general, you being the center left face of our spending will mean you giving to a lot of woke sh-t for transactional purposes."

They also tried to keep donations to Republicans in the dark.

That is, they made them through straw donors. Republicans wouldn't know they were coming from Bankman-Fried. Though presumably they would still know that the donor wanted whatever legislative favors Bankman-Fried wanted.





digg this
posted by Ace at 06:30 PM

| Access Comments

Recent Comments
San Franpsycho: "Good morning dear horde and thank you JJ for point ..."

Jen the original : "66. Ny Dem operative said this morning on Newsmax ..."

CrotchetyOldJarhead...Wearing Pants and Working: "That 'hearing' the other day was just kabuki theat ..."

callsign claymore: "good morning JJ, Horde ..."

Grumpy and Recalcitrant: "@83: Shades of Capricorn One. ..."

rhennigantx: "muh democracy About 20 people in DC deciding wh ..."

Rufus T. Firefly: ">>>>Biden and Kumala not greeting Bibi is disgusti ..."

[/i][/b][/s][/u]I used to have a different nic: "[i]So POTUS Kamala, as predicted. Titular only, of ..."

Jay in PA: ""It's still hard to believe women actively chose i ..."

Betty B. Nomo: "Seems increasingly likely POTUS is dead. His phone ..."

[/i][/b][/s][/u]I used to have a different nic: "[i]Kyiv Mayor Klitschko Calls on Zelensky to Hold ..."

Ben Had: "Netanyahu meeting with Bribe'em is allegedly sc ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64