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Political Contributions

All articles tagged with #political contributions

crime1 year ago•2 min saved

FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

Former FTX executive Ryan Salame has been sentenced to 90 months in prison for conspiracy to make unlawful political contributions and operate an unlicensed money transmitting business. Salame's actions, in collaboration with FTX founder Samuel Bankman-Fried and others, involved using FTX and Alameda Research to transmit customer funds without a license and making over 300 illegal political contributions to influence legislation favorable to FTX. Salame was also ordered to pay over $11 million in forfeiture and restitution.

via Department of Justice|

#crime #ftx #money-laundering

politics2 years ago•2 min saved

"DeVos Boosts Michigan GOP Senate Candidate Mike Rogers with Maximum Donation"

Former Trump Education Secretary Betsy DeVos, who previously stated that the Department of Education "should not exist," has made the maximum allowable political contributions to Michigan GOP Senate candidate Mike Rogers. DeVos and other members of the influential DeVos family donated a total of $46,200 to Rogers' campaign in the third quarter. Rogers, a former congressman, has criticized schools for prioritizing social engineering over teaching basics. The donations highlight the DeVos family's significant influence in Michigan Republican politics, and Rogers' candidacy is seen as a chance for the GOP to regain ground in the swing state after recent losses.

via Business Insider|

#betsy-devos #michigan-gop #mike-rogers

crime2 years ago•1 min saved

"Sam Bankman-Fried Accused of Misusing $100M in Stolen Funds for Political Donations"

FTX founder Sam Bankman-Fried has been charged with using $100 million in stolen funds from his customers to make political campaign contributions in an attempt to influence cryptocurrency regulation. The superseding indictment also alleges that Bankman-Fried directed FTX executives to avoid contribution limits and conceal the source of the money. He is currently in jail after his bail was revoked due to probable cause suggesting witness tampering. The indictment further claims that Bankman-Fried used his connections with politicians and government officials to falsely portray FTX as a legitimate exchange.

via The Hill|

#crime #cryptocurrency-regulation #embezzlement