Last month, FTX founder Sam Bankman-Fried pleaded not guilty to charges of fraud, conspiracy, campaign finance law violations, along with money laundering, as he is being tried in New York state following the release of the November CoinDesk article outlining the crimes they appeared to have been committing, along with their juvenile and untrustworthy lifestyles of some of the richest business owners in the world, with the majority being under 30 years of age.
Now, Bankman-Fried is requesting for his political donations to be returned as he awaits trial, as they’ve sent notices to their former recipients, as reported in an FTX press release.
FTX is requesting the funds to be returned by Feb. 28. The company said the former recipients of the donations “reserve the right to commence actions before the Bankruptcy Court to require the return of such payments, with interest accruing from the date any action is commenced.” This comes following Bankman-Fried’s company, FTX, filed for bankruptcy in November following the release of the CoinDesk article.
As previously reported, Bankman-Fried is being charged with multiple different crimes in the United States, along with violating campaign finance laws, as he was one of the Democrat’s largest donors in their 2020 and 2022 elections. He donated $10 million in 2020 helping to get Joe Biden elected, and then became Democrats’ second largest doner when he donated $39 million during the 2022 Midterm election cycle towards Democratic candidates and organizations, according to data from Open Secrets, which listed him as the nation’s sixth-largest individual midterm donor, as well as Bidens second-largest donor.
BREAKING: FTX CEO Sam Bankman-Fried Makes A Shocking Claim About His “Dark” Political Donations
SFB and FTX are bankrupt togwther.