"Sam Bankman-Fried's Trial Exposes Dark Money Alliances and Financial Deceit"

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Source: CNBC
"Sam Bankman-Fried's Trial Exposes Dark Money Alliances and Financial Deceit"
Photo: CNBC
TL;DR Summary

Former FTX CEO Sam Bankman-Fried and his allies donated $50 million to politically active groups that do not disclose their donors, according to recently revealed documents. Bankman-Fried used a private signal chat to request contributions be made in someone else's name, while his mother encouraged donations to be made in that person's name as well. Bankman-Fried faces federal fraud charges and allegations of using FTX customer funds to finance over $100 million in political giving. He publicly supported Democratic causes while secretly funding conservative dark money groups. Bankman-Fried's former colleagues also made significant donations to Republican-aligned organizations. FTX itself donated to various obscure "dark money" groups linked to Republican senators.

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