State investigation into big donations by former FTX executive
State investigation into big...
Subscribe to Newsletter

State investigation into big donations by former FTX executive

18 December 2022
3548
2 min.
8
State investigation into big donations by former FTX executive

Donations to politicians

Federal prosecutors in New York are gathering information regarding donations made by Sam Bankman-Fried, founder and former CEO of bankrupt cryptocurrency exchange FTX, to US politicians. This was reported by The New York Times.

It is worth noting that GlobalNY.biz recently wrote that Binance exchange stops withdrawal of cryptocurrency because of FTX collapse.

In Oregon, election commissioners in the office of Secretary of State Shemia Fagan are still deciding whether there is enough evidence to ask Attorney General Ellen Rosenblum to file a case against former FTX CTO Ellen F. Rosenblum for donating $500,000 to the Oregon Democratic Party under a false name.

The Fagan administration is also deciding whether there is evidence that the Democratic Party violated the same state law on giving and accepting political donations under a false name.

It's been more than a month since Fagan asked the Division of Elections to investigate, citing a report in The Oregonian that said $500,000 the largest amount the Oregon Democratic Party has ever received in the state's campaign finance database did not come from the Las Vegas-based cryptocurrency company Prime Trust, according to the party.

Also, the publication specifies that Bankman-Fried spent nearly $45 million on political donations before the 2020 US election. Candidates and committees representing the Democrat party received most of the funds.

According to the paper's sources, the authorities do not suspect the politicians of any wrongdoing yet. They expect to get evidence on the FTX founder's case.

Previously, Bankman-Fried was charged in the US with political donation irregularities, e-fraud, money laundering and defrauding investors, among others.

In early November, FTX announced on Twitter that it had filed for bankruptcy. The publication also indicated that Bankman-Fried had resigned.

Bloomberg had earlier reported that the US Securities and Exchange Commission was investigating Bankman-Fried for possible wrongdoing.

Investors last month withdrew 91,000 bitcoins worth about $1.5 billion from FTX, the largest outflow in its history.

Persons3 and Companies5 in the news

Oregon Attorney General
1 place
Oregon secretary of state
2 place
Founder of FTX
3 place
FTX company
1 place
X (Twitter)
3 place
Bloomberg L.P.
5 place
Section:
Source foto:
flickr.com
Rating companies
Instagram
15 Mention
Tesla
14 Mention
Netflix
14 Mention
JP Morgan Chase
11 Mention
Amazon
10 Mention
Ford Motor Company
10 Mention
TikTok
8 Mention
White House
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8132783473
Died this year
28053719
Born this year
69017114