"Allegations of Dark Money Network Involvement and Scams Surround Sam Bankman-Fried's Family"
Joseph Bankman, the father of former crypto entrepreneur Sam Bankman-Fried, allegedly had 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 and accuses Bankman and his wife of exploiting their access and influence within the company. Arabella Advisors manages a nonprofit network that raises over a billion dollars annually in anonymous cash and supports left-wing causes. The allegations raise questions about the extent of Bankman-Fried's political influence through the powerful liberal dark money network. Arabella Advisors denies Bankman's involvement, and FTX attorneys have acknowledged a mistake in their complaint.