{"id":2001279,"date":"2023-08-15T13:15:42","date_gmt":"2023-08-15T17:15:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sbf-accused-of-funneling-over-100-million-toward-wide-ranging-political-influence-operation\/"},"modified":"2023-08-15T13:17:46","modified_gmt":"2023-08-15T17:17:46","slug":"sbf-accused-of-funneling-over-100-million-toward-wide-ranging-political-influence-operation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sbf-accused-of-funneling-over-100-million-toward-wide-ranging-political-influence-operation\/","title":{"rendered":"SBF allegedly funneled $100M+ for political influence."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsbf-accused-of-funneling-over-100-million-toward-wide-ranging-political-influence-operation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2001279&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Disgraced FTX Founder Accused of Using Stolen\u200c Funds for Political Influence<\/h2>\n<p>In\u200d a shocking court filing\u200d on Monday, federal prosecutors accused Sam Bankman-Fried, \u200bthe \u200ddisgraced founder \u200dof \u2063FTX, of \u200dconducting a \u200bmassive political influence operation using over\u2062 a hundred million \u2063dollars of stolen \u200bfunds.<\/p>\n<p>FTX, a digital\u2063 asset exchange, recently collapsed and filed for bankruptcy after it was revealed \u2063that the company was closely tied to \u2064sister firm Alameda Research, both controlled \u2062by Bankman-Fried and other <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sbf-accused-of-funneling-over-100-million-toward-wide-ranging-political-influence-operation\/\" title=\"SBF allegedly funneled 0M+ for political influence.\">young business leaders operating<\/a> from a luxurious penthouse in the Bahamas.<\/p>\n<blockquote>\n<p>\u201cExploiting the trust of FTX customers, BANKMAN-FRIED misappropriated and embezzled FTX customer\u2062 deposits, and used billions of \u200ddollars in stolen funds for a variety\u2063 of purposes, including, among\u2063 other things, to enrich \u200dhimself; to support the operations of FTX; to fund \u200bspeculative venture investments;\u2064 to help fund over a hundred\u200d million dollars in campaign contributions to\u200d Democrats and Republicans to seek to influence\u200b cryptocurrency regulation; and to pay for Alameda\u2019s operating costs,\u201d<\/p>\n<\/blockquote>\n<p>Bankman-Fried, who donated nearly $40 million\u200b primarily to Democratic nominees and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amid-threats-of-corporate-donation-withdrawals-gop-senate-fund-hauls-in-8-3-million\/\" title=\"Amid Threats Of Corporate Donation Withdrawals, GOP Senate Fund Hauls In .3 Million\">political action committees<\/a>, was also \u2063the second-largest \u2064donor to the 2020 Biden presidential campaign and had\u2062 multiple meetings with senior advisers at the White \u2063House before his companies filed for bankruptcy.<\/p>\n<p>In addition to \u2062the political influence allegations, the\u2064 Department of Justice accuses Bankman-Fried of conspiring to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-biden-seems-to-make-false-statements-about-number-severity-of-white-house-dog-bites\/\" title=\"Joe Biden Seems To Make False Statements About Number, Severity Of White House Dog Bites\">make false statements<\/a> to investors and lenders. He now faces\u2062 charges of wire fraud, securities fraud, commodities fraud, \u2062and money laundering.<\/p>\n<p>While <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrat-mayor-who-triggered-entire-command-force-to-quit-sued-by-chief-she-fired\/\" title=\"Democrat Mayor Who Triggered Entire Command Force To Quit Sued By Chief She Fired\u00a0\">campaign finance charges<\/a> were not pursued due to extradition complications, the superseding indictment reveals\u200d that Bankman-Fried used customer funds for \u2064personal expenses, real\u200c estate, speculative\u200b investments, and \u200cpayments \u200cto lenders.<\/p>\n<p>The\u200d court filing \u2063comes after Bankman-Fried was jailed for allegedly tampering with witnesses and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-republicans-introduce-legislation-that-would-imprison-supreme-court-leakers\/\" title=\"House Republicans Introduce Legislation That Would Imprison Supreme Court Leakers\">leaking confidential information<\/a>. His actions have jeopardized his\u200c upcoming trial.<\/p>\n<p><em>Zach Jewell contributed to this report.<\/em><\/p>\n<h3>Get the DailyWire+ App for Exclusive Content<\/h3>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1691837172997000&#038;usg=AOvVaw3L5AES424lnmUopfduGAIe\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disgraced FTX founder Sam Bankman-Fried faces allegations of misusing over $100 million for a &#8220;wide-ranging political influence operation,&#8221; as stated in a court filing by federal prosecutors. FTX, a digital asset exchange, crumbled and declared bankruptcy when users discovered its connection to the scandal.<\/p>\n","protected":false},"author":200,"featured_media":2001280,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2001279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2001279"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2001280"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2001279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2001279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2001279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}