A leading Republican senator has had enough of the Biden administration covering up for Democratic megadonor Sam Bankman-Fried, the disgraced founder of the now-defunct crypto exchange FTX, after bad decisions and investments led to him burning through tens of billions of dollars in value and customer deposits.
Sen. Josh Hawley (R-Mo.), a leading Republican on the Senate Judiciary Committee and former state attorney general, has sent a letter to various federal agencies demanding all correspondence between them and Bankman-Fried over the past several months. Officials who received letters include U.S. Attorney General Merrick Garland, Securities and Exchange Commission (SEC) Chairman Gary Gensler, and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam, Crowdfund Insider reported this week.
After Bankman-Fried ran what was, at one point, the second-largest crypto exchange in the world into bankruptcy, it was revealed that he was the second biggest donor to Democrats during the recent election cycle, second only to left-wing societal disruptor and billionaire George Soros.
That has fueled speculation — suspicions, actually — that because he was pouring money into Democratic coffers, his shady business operations went unnoticed or uninvestigated.
“The perpetrators of these criminal acts and their enablers must be investigated and prosecuted to the fullest extent of the law, and you must conduct a full conflict-of-interest review to ensure that Mr. Bankman-Fried’s status as a top donor to the Democratic Party did not insulate him from oversight and accountability,” Hawley wrote in reference to the collapse of FTX.
He also wrote that “billions of dollars were stolen from investors and handed over to Democrats and left-wing organizations.”
In particular, Hawley made these demands of the Biden administration officials:
1. Prior to the public revelation of Mr. Bankman-Fried’s scheme to withdraw customer deposits from FTX to offset losses incurred by Alameda, had your respective agencies initiated an investigation into allegations of fraud perpetuated by FTX, Alameda, and their executives? If so, when were the investigations initiated and when were they expected to conclude?
2. Have FTX, Almeda, or any of the executives associated with these companies previously entered into confidential settlements or deferred prosecution agreements with your respective agencies? If so, please provide all materials associated with these settlements and agreements.
3. Please provide all correspondence between your agencies, the Biden Administration, the Democratic National Committee, the Democratic Congressional Campaign Committee, and the Democratic Senatorial Campaign Committee regarding FTX, Alameda, and its executives, including Mr. Bankman-Fried, Caroline Ellison, and Gary Wang.
He said he wants the information no later than Nov. 25, though if he doesn’t get it, it’s a sure bet that there will be little he can do about it. Garland is Biden’s AG; he’s not going to do anything that Biden’s handlers don’t want him to do, and they most certainly do not want to get to the bottom of the FTX collapse because their party will be implicated beyond just the donations.
The FTX crypto slush fund run by now-disgraced Sam Bankman-Fried (and his MIT college buddies) laundered money for Ukraine into nearly $40 million worth of campaign donations for Democrats in the 2022 mid-term elections.
Over the last year, Joe Biden and the Democrats have pushed through well over $50 billion in funding for Ukraine, using US taxpayer money. Internationally, over $100 billion has been donated to Ukraine, according to Devex.com which has compiled worldwide donations and grants to the Ukrainian cause.
FTX simultaneously processed donations to Ukraine by using its crypto infrastructure. As CoinDesk.com reported in May of this year, “Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website.”
In other words, the corrupt Ukraine regime partnered with a corrupt crypto slush fund to take dollars from the corrupt US government and funnel them into the hands of corrupt Democrat candidates to win rigged mid-term elections.
While Democrats like Sen. Elizabeth Warren of Massachusetts claim they want more regulations to “rein in” out of country financial activity, the fact is, they really don’t because most of the crypto fraudsters are leftists who donate to the Democratic Party.
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