SBF prosecutors reportedly dig into donations made to top US Democrats

The prosecutors investigating erstwhile FTX CEO Sam Bankman-Fried (SBF) person reportedly reached retired to apical members of the Democratic Party demanding accusation astir the governmental donations made by the entrepreneur.

Democratic members from the Democratic National Committee (DNC), the Democratic Congressional Campaign Committee (DCCC) and Congressman Hakeem Jeffries were contacted by SBF prosecutors for accusation to assistance their ongoing investigations, according to a New York Times report.

The United States attorney’s bureau for the Southern District of New York sent an email to the Democratic Party elections lawyer Marc Elias, asking for details connected donations made by SBF. Similar emails were sent implicit to different members of the Democratic and Republican parties.

The Royal Bahamas constabulary arrested SBF connected Dec. 12 based connected a petition of the U.S. government, conscionable a time earlier the accused was expected to attest earlier Congress. The entrepreneur was charged with 8 counts of fiscal and elections fraud, circling astir the alleged siphoning of $1.8 cardinal successful lawsuit funds.

The ongoing investigations astir SBF's governmental donations gained attraction arsenic helium was the Democrats' second-largest idiosyncratic donor, who shelled retired $39.8 million.

Related: Sam Bankman-Fried seeks to reverse determination connected contesting extradition: Report

On Dec. 17, 3 salient Democratic groups — the DNC, the Democratic Senatorial Campaign Committee and the DCCC — person reportedly decided to instrumentality SBF-linked donations to FTX investors, which unneurotic transcend $1 million.

As antecedently reported by Cointelegraph, a DNC spokesperson confirmed the decision:

“Given the allegations astir imaginable run concern violations by Bankman-Fried, we are mounting speech funds successful bid to instrumentality the $815,000 successful contributions since 2020. We volition instrumentality arsenic soon arsenic we person due absorption successful the ineligible proceedings.”

The different 2 Committees, DSCC and DCCC, person besides reportedly pledged to acceptable speech $103,000 and $250,000 for reimbursement, respectively.