Are you able to say battle of pursuits?
Sam Bankman-Fried, the alleged crypto-scammer who misplaced a large sum of money for harmless buyers, is about to be investigated by Home committee members who obtained tons of of 1000’s of {dollars} in donations from his outfit.
It is a greater scandal than Bernie Madoff. How are these Home members going to be goal?
The Washington Free Beacon studies:
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Sam Bankman-Fried and FTX Cronies Gave $300k to Home Committee Members Investigating Him
Sam Bankman-Fried and executives at his cryptocurrency agency contributed tons of of 1000’s of {dollars} to members of the Home committee that may maintain hearings subsequent month on the corporate’s collapse.
Bankman-Fried and his co-founders at FTX contributed $300,351 to 9 members of the Home Monetary Providers Committee, in keeping with Federal Election Fee data. A number of the largest contributions have been to Democrats on the committee’s Digital Belongings Working Group, which labored on regulation of the crypto business.
Rep. Maxine Waters (D., Calif.), who chairs the committee, introduced a probe this week into FTX’s collapse after the corporate declared chapter, wiping out billions of {dollars} in clients’ portfolios. The Justice Division and Securities Change Fee are reportedly investigating Bankman-Fried for potential misuse of buyer funds.
Bankman-Fried’s donations to committee members may elevate issues that the lawmakers won’t adequately examine the crypto kingpin, who spent tens of millions on promoting, lobbying, and philanthropic causes to burnish his firm’s picture as an moral crypto firm in an business rife with rip-off artists.
Maxine Waters blew kisses to this man.
CAUGHT: Maxine Waters seems to blow a kiss at FTX’s chief fraudster Sam Bankman-Fried at a Congressional listening to whereas the cameras have been nonetheless rolling
She’s the one who’s alleged to grill SBF subsequent month?
— Benny Johnson (@bennyjohnson) November 18, 2022
She additionally posed for footage with him.
Rep Maxine Waters schedule listening to to analyze the #FTXScandal subsequent month. pic.twitter.com/JS5JFESWQV
— Charles V Payne (@cvpayne) November 16, 2022
This committee must be changed with Home members who will not be conflicted.
Cross posted from American Lookout.
