Two of his chief associates, former Alameda CEO Caroline Ellison and former FTX chief technology officer Gary Wang, have entered guilty pleas over their roles in FTX’s collapse and have agreed to cooperate with prosecutors.
- Democratic donor met with senior Biden advisor Steve Ricchetti on September 8
- He had at least three other meetings with staffers, report Thursday stated
- Bankman-Fried’s brother Gabriel also had White House talks on May 13
- Further evidence of his deep ties with Washington and the Democratic party
- White House has refused to say if Biden will give back donations from him
Disgraced cryptocurrency mogul Sam Bankman-Fried met with four Biden officials this year before the collapse of his FTX empire and his arrest in the Bahamas.
The Democratic donor, 30, awaiting trial for what prosecutors say is one of the biggest financial frauds in U.S. history held talks with senior White House advisor Steve Ricchetti on September 8, Bloomberg reported on Thursday.
He has had at least two other meetings with Ricchetti on April 22 and May 12 and another with top aide Bruce Reed.
Bankman-Fried’s brother Gabriel also participated in a meeting on his own on May 13.
The latest report is further evidence of the deep ties Bankman-Fried had with Washington before he was charged with swindling investors out of at least $1.8 billion.
The White House has refused to say whether Biden will give back some of the $5.2 million in donations from the fallen FTX founder gave to his campaign and connected groups in 2020.
Bankman-Fried is now under house arrest at his parents’ $4million home in Palo Alto, California, after he was freed in a Manhattan court on a $250 million bond. The former CEO, 30, is facing securities and wire fraud charges related to his collapsed crypto exchange FTX.
Bloomberg reported that the meetings focused on the crypto industry and exchanges, and did not involve politics.
Bankman-Fried was the Democratic party’s second biggest donor in the 2022 election cycle and has appeared in hearings on Capitol Hill.
The Democratic donor, 30, awaiting trial for what prosecutors say is one of the biggest financial frauds in U.S. history held talks with senior White House advisor Steve Ricchetti on September 8, Bloomberg reported on Thursday
Candidates have now donated the cash to charity, given it back or are waiting for the Department of Justice to determine how it should be dealt with.
Prosecutors say Bankman-Fried used FTX like a ‘personal piggy bank’, funneling money into his other company, Alameda.
“And I would have gotten away with it too, if it weren’t for you meddling kids”
Sam Hyde
Sam bank rolled the government washing the money through Ukraine, you can’t make it up
50/5.2 = 9.6. The court bond is almost ten times the alleged amount of money in the crime. The courts are the basis of all other criminal enterprises.
Another freid Banker is what I see.