Three major campaign committees that work to elect Democrats to Congress are moving to return more than $1 million in donations they received from Samuel Bankman-Fried.
New York Post columnist Karol Markowicz discusses the scrutiny FTX CEO Sam Bankman-Fried’s inner circle after his arrest on ’Fox Business Tonight.’are moving to return more than $1 million in donations they received from Samuel Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX.
In a statement Friday, DNC spokesman Daniel Wessel said that the group will set aside the $815,000 in contributions it has received fromsince 2020. That total includes donations Bankman-Fried made directly to the DNC as well as the Democratic Grassroots Victory Fund and the Biden Victory Fund, which was a joint fundraising committee approved by Joe Biden’s presidential campaign, the DNC and state Democratic parties.
The DSCC received $103,000 in donations associated with Bankman-Fried, and like the DNC, is preparing to return it once it gets the proper guidance, according to spokesman David Bergstein. The DCCC is setting aside its $250,000 it got from Bankman-Fried and said it is "waiting for further guidance from the government on what to do with the money based on their legal proceedings.
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