Sam Bankman-Fried visited the Biden White House four times before his arrest

Ex-CEO of FTX Sam Bankman-Fried Visiting senior advisors of the President Joe Biden At least four times in the year prior to his cryptocurrency Last month, empire collapsed.

The digital asset swap was filed bankruptcy Users discovered that the company was linked to sister firm Alameda Research. Both were managed by Bankman-Fried, and other young business leaders who worked from a luxurious penthouse in the Bahamas. The entrepreneur was recently detained By authorities in the island country, where his companies were situated, extradited He was sent to the United States where he is facing fraud charges which could land him in prison for up to 115 years.

White House visitor logs indicate that Bankman Fried was granted access to high-ranking officials from the Biden administration in the months before his arrest. report Bloomberg as part of his efforts in the United States to influence cryptocurrency policy.

Steve Richetti was the ex-chairman of the Biden presidential campaign. Richetti is currently a senior adviser to the commander–in-chief. The other meetings, which have already been reported, include two other rendezvous with Ricchetti on April 22 and May 12, as well as a meeting with Bruce Reed, the administration’s deputy chief of staff. Both of these officials were previously chiefs of staff to Biden while he was vice president under former President Barack Obama.

Bankman-Fried is a true scion of the Executive Mansion. second-largest He was a donor to the campaign that placed Biden in Oval Office in two years ago. data Open Secrets.

Gabriel Bankman Fried, the head and younger brother of former cryptocurrency wunderkind, was present at a White House meeting in March. He also attended the May 13 meeting alongside his sibling. Bloomberg was told by a source that discussions were about cryptocurrency and pandemic prevention.

Bankman-Fried is more than the two brothers. extraordinarily well-connected In Democratic circles. Stanford Law School Professors Joseph Bankman and Barbara Fried. The former has drafted legislation to Sen. Elizabeth Warren (D.MA), who is one of the most fierce opponents of cryptocurrency in the federal Government. The latter also ran Mind the Gap which fundsraises for Democrats among wealthy Silicon Valley executives.

According to the report, the group raised $4 million during the most recent midterm election. data Open Secrets also revealed that Nishad Singh, FTX Director for Engineering, was also revealed by the Open Secrets. made A $1 million contribution. According to a report, Dustin Moskovitz, Facebook founder and Eric Schmidt, former Google CEO, made contributions to the group. report from Vox, which characterized one of the entity’s purposes as avoiding “public detection.”

Linda Fried, the aunt of the Bankman-Fried brothers, is the dean of Columbia University’s Mailman School of Public Health and a co-chair of the World Economic Forum’s Global Future Council on the Future of Human Enhancement.

Among these entities returning Funds to FTX to distribute to investors and customers who may have been defrauded is the Senate Majority PAC. This PAC organizes campaign money for Democrats running for election to the upper chamber. The combined donations of Singh and Bankman Fried totaled $3 million.