"Sam Bankman-Fried's Father Linked to Controversial Democratic 'Dark Money Network'"

1 min read
Source: New York Post
"Sam Bankman-Fried's Father Linked to Controversial Democratic 'Dark Money Network'"
Photo: New York Post
TL;DR Summary

Sam Bankman-Fried's father, Joseph Bankman, allegedly held an advisory role at Arabella Advisors, a top Democratic dark money network, according to a lawsuit filed by FTX, Bankman-Fried's former company. FTX is seeking to recoup money owed to pay debts, claiming that Bankman and his wife exploited their access and influence within the company. Arabella Advisors manages a nonprofit network that raises over a billion dollars in anonymous cash annually and supports left-wing causes. The allegations have raised concerns about the extent of Bankman-Fried's political influence through the powerful liberal dark money network. Arabella Advisors denies that Bankman had any role at the firm. Bankman-Fried, a prolific supporter of Democratic causes, is facing multiple charges, including fraud and money laundering.

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