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FTX founder and CEO Sam Bankman-Fried donated the maximum amount an individual can give to a candidate to House Speaker Nancy Pelosi's, D-Calif., likely successor.
Bankman-Fried made a contribution worth $5,800 to Rep. Hakeem Jeffries, D-N.Y., in July 2021, according to Federal Election Commission (FEC) data. While the amount was relatively tiny compared to the roughly $38 million the crypto entrepreneur funneled to candidates and political action committees (PAC) ahead of the midterm elections, it represented the maximum contribution an individual is allowed to donate to a single candidate under federal campaign finance laws.
According to the FEC, individual contributors are only permitted to give $2,900 per candidate per election. Individuals may combine two maximum contributions into a single dotation of $5,800 since primaries and general elections count as two separate elections.
Jeffries was the only House candidate who Bankman-Fried gave $5,800 to. He donated the same amount to various Democratic and Republican senators in 2021 and 2022.
Jeffries, who is currently the fifth-highest ranked Democrat in the House, is considered a likely successor to Pelosi when she steps down from her role as leader of the House Democrats, Politico recently reported. The New York Democrat is expected to have more behind-the-scenes support from other Democratic leaders compared to Rep. Adam Schiff, D-Calif., another member who could make a play for the top spot.
"There’s nothing I would ever do to impede the progress of our up-and-coming young Democrats and I see him as an up-and-coming young Democrat," House Majority Whip Jim Clyburn, D-S.C., told Politico. "He knows that, I didn’t have to tell him that — but I did.".......
https://www.foxbusiness.com/politic...d-max-donation-nancy-pelosis-likely-successor
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FTX founder Sam Bankman-Fried net worth may have just gone from 16 billion to zero. This looks like fraud. Allegations that FTX official were using a backdoor to access user accounts and to remove money. This guy was the 2nd largest contributor to the Democrat part only behind George Soros. He said he planed to contribute over 100 million dollars this year. They have pictures of him a Democrat fund raisers with Bill Clinton and with Chuck Schumer. This is going to get interesting fast.
Bankman-Fried made a contribution worth $5,800 to Rep. Hakeem Jeffries, D-N.Y., in July 2021, according to Federal Election Commission (FEC) data. While the amount was relatively tiny compared to the roughly $38 million the crypto entrepreneur funneled to candidates and political action committees (PAC) ahead of the midterm elections, it represented the maximum contribution an individual is allowed to donate to a single candidate under federal campaign finance laws.
According to the FEC, individual contributors are only permitted to give $2,900 per candidate per election. Individuals may combine two maximum contributions into a single dotation of $5,800 since primaries and general elections count as two separate elections.
Jeffries was the only House candidate who Bankman-Fried gave $5,800 to. He donated the same amount to various Democratic and Republican senators in 2021 and 2022.
Jeffries, who is currently the fifth-highest ranked Democrat in the House, is considered a likely successor to Pelosi when she steps down from her role as leader of the House Democrats, Politico recently reported. The New York Democrat is expected to have more behind-the-scenes support from other Democratic leaders compared to Rep. Adam Schiff, D-Calif., another member who could make a play for the top spot.
"There’s nothing I would ever do to impede the progress of our up-and-coming young Democrats and I see him as an up-and-coming young Democrat," House Majority Whip Jim Clyburn, D-S.C., told Politico. "He knows that, I didn’t have to tell him that — but I did.".......
https://www.foxbusiness.com/politic...d-max-donation-nancy-pelosis-likely-successor
============================================
FTX founder Sam Bankman-Fried net worth may have just gone from 16 billion to zero. This looks like fraud. Allegations that FTX official were using a backdoor to access user accounts and to remove money. This guy was the 2nd largest contributor to the Democrat part only behind George Soros. He said he planed to contribute over 100 million dollars this year. They have pictures of him a Democrat fund raisers with Bill Clinton and with Chuck Schumer. This is going to get interesting fast.
