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New CEO of FTX Plans to Recover all the Money Former FTX CEO Donated to Democrats and RINOs: At Least $40 Million Dollars

New CEO of FTX Plans to Recover all the Money Former FTX CEO Donated to Democrats and RINOs: At Least $40 Million Dollars

Political contributions made to Democrats must be returned by law.

Disgraced FTX founder Sam Bankman-Fried, who is facing charges that could put him in prison for the rest of his life was the second-largest contributor to Democrats and Democratic organizations in 2022. The amount is in question, but we know for a fact that it was at least $40 million dollars. Some of that money went to RINOs who are very close to the Democrats. New FTX boss John Jay Ray III is the man who clawed back the money contributed to politicians connected to ENRON.

So far, only the Senate Majority PAC has agreed to refund the three million that they received from the former CEO, but they say they are going to donate the money to charity. But Ray points out that it is their money to give away. He wants that money in order to cover the losses incurred by the investors,

The company said in a Dec. 19 statement:

“Recipients are cautioned that making a payment or donation to a third party (including a charity) in the amount of any payment received from a FTX Contributor does not prevent the FTX Debtors from seeking recovery from the recipient or any subsequent transferee. To the extent such payments are not returned voluntarily, the FTX Debtors intend to commence actions before the Bankruptcy Court to require the return of such payments, with interest accruing from the date any action is commenced.”

Democrats who received money include incoming House Minority Leader Hakeem Jeffries, senators Cory Booker, of New Jersey; Joe Manchin, of West Virginia; Debbie Stabenow, of Michigan; Dick Durbin, of Illinois; and Patty Murray, of Washington. They are under pressure to return that money because it was stolen by Sam Bankman-Fried. Anyone who receives stolen money must return it. But, trying to take money from a Democrat is like trying to take a T-bone steak away from a pit bull.                      FTX under

Bankman-Fried also gave millions of dollars to organizations run by his brother and Stanford Law professor mother. Gabe Bankman-Fried’s charity, Guarding Against Pandemics,  and a Super PAC fun by Barbara Fried, Mind the Gap. They then donated that money to Democrat politicians. That money must be returned.

From The Daily Wire

Thousands of investors lost their money, some their life savings, when the Bahamas-based crypto exchange collapsed. Prosecutors from the Southern District of New York allege Bankman-Fried looted billions of dollars from his clients’ accounts to buy real estate, donate to politicians, and fund his one-time girlfriend’s failed hedge fund. Bankman-Fried is currently under house arrest at his parents’ home, free on a $250 million dollar bond.

Before his stunning fall from grace, Bankman-Fried was seen as a darling of the Left. With a net worth once estimated as high as $25 billion, he donated to a host of liberal causes, claiming to espouse a philanthropic philosophy of pursuing profits solely to give more money away. But Bankman-Fried later said he cynically adopted the Left’s language as “dumb game we woke Westerners play,” even as he ran the company into the ground.

“Never in my career have I seen such an utter failure of corporate controls at every level of an organization, from the lack of financial statements to a complete failure of any internal controls or governance whatsoever,” Ray said in a Dec. 13 statement to the House Financial Services Committee.

Ray returned about 52 cents on the dollar to all of Enron’s creditors after the Texas energy giant collapsed in the early 2000s, according to a Wall Street Journal report.

 

 

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  • Steven Ahle

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Comments 18

  1. Nicholas says:

    Rest assured Dems will try every trick in the book to avoid giving the money they used to dupe the voters and help get elected, back.

    • I make over 13k a month working part-time. I listened to different humans telling me how a good deal of cash they may make online, so I was determined to locate out. Well, it turned into all actual and it absolutely modified my life. Everybody must try this job now by just using this site… w­w­w.P­a­y­a­t­h­o­m­e­7.c­o­m

    • Edouard d'Orange says:

      You sure got that right. I saw that my demorat Congressman took a big donation from SBF. I gotta ask my fake moderate Congress corruptocrat, Abigall Spamberger, if she’s gonna give her large donation back. Nobody in my district ever questions her. Sheesh.

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    • DukeJinx says:

      Funny !! The only one enthused with reading your Post… Is the IRS…

    • Why do you post this absolutely crap posting. It reminds me of the old Nigerian Scams worth millions to you but you have to send them some $$$ for the processing fees. ahahhaha You are the same thing………..a SCAM!

    • Ken R says:

      Here’s somebody running a scam in the comments on a article about a scam.

  3. Duane says:

    Seems normal to be a democrat and crook they go hand in hand. No moral compass just self importantly and greedy. Ever notice when they accuse conservatives of what they are guilty of themselves.

  4. Philip Seth Hammersley says:

    You can bet the DIMMs’ “charities” are run by George Soros or other haters of America!

  5. Drosack says:

    LOL

  6. James says:

    Take all the money he has and property and make him live on the street

  7. Doug Litchfield says:

    Surely they can spin the presses and pay their debt in inflated crypto. Same game they play with us.

  8. Arthur Verdi says:

    Mr Ray needs to publish all the names of all politicians with amounts received and all political organizations with amounts received. Shame them into returning the money.

  9. ox says:

    The new CEO of FTX will have to fight in Court to retrieve every nickel and dime. Sam Bankman-Fried gave stolen (OPM) other people’s money to the party of corruption, Racism, and Anti-semitism. The Democrat Party, lives on corruption, dishonesty and deceitfulness. If it weren’t for corrupt politicians, America wouldn’t have any politicians at all.

  10. Ken R says:

    Scammers and crooks like Bankman-Fried don’t donate money to politicians, they pay money to politicians. The authorities need to find out what the politicians were selling, and whether the crook got what he was paying for.

  11. Steve says:

    Lol

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