Former FTX CEO Sam Bankman-Fried and his allies poured $50 million into 'dark money' organizations that do not publicly disclose their donors.
Former crypto king Sam Bankman-Fried and his associates donated $50 million during the 2022 election cycle toward politically active nonprofit groups that don't disclose their donors.
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves the Manhattan federal court in New York City, March 30, 2023.and his allies donated $50 million during the 2022 election cycle toward politically active groups that do not publicly disclose the names of donors, according to documents recently made public by prosecutors.
Ryan Salame, who was the CEO of FTX's digital markets division, donated millions of dollars to Republican political action committees and affiliated "dark money" groups with funds from FTX's affiliated hedge fund, Alameda Research, according to the documents.Caroline Ellison, who ran Alameda and once dated Bankman-Fried, also gave millions to right-leaning nonprofit groups, the documents say.
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