An intensive listing of donations made by FTX associates turned public in the course of the prison trial of FTX founder Sam Bankman-Fried on Oct. 17.
Bankman-Fried’s personal donation listing particulars greater than $133 million in spending, primarily made up of $119 million in political donations.
The listing contains a variety of recognizable politicians or their campaigns. Republican senator and former presidential nominee Mitt Romney notably acquired $5,800 from Bankman-Fried, whereas Democratic senator Cory Booker acquired $5,700. Dozens of different politicians acquired comparable quantities from the FTX founder.
Bankman-Fried’s largest donations, nonetheless, went to political teams and political motion committees, or PACs, that are topic to fewer restrictions and limits on donations than political candidates. These teams, which included such names as Shield Our Future, One Nation, Home Majority PAC, Majority Ahead, Future Now, Constructing a Stronger Future, and others, collectively acquired tens of thousands and thousands of {dollars}.
Items to household and associates
Recorded donations additionally embrace transfers between members of the family. One of many listing’s largest single transfers is a $10 million present from Sam Bankman-Fried to his father, Joseph Bankman — a indisputable fact that surfaced in different stories round September.
One other entry reveals that Sam Bankman-Fried despatched $2 million to his brother, Gabriel Bankman-Fried. Moreover, Bankman-Fried donated $17.5 million to Guarding In opposition to Pandemics (GAP), a bunch co-founded and previously headed by Gabe Bankman-Fried.
Bankman-Fried moreover despatched presents to numerous people who, like Bankman-Fried himself, look like concerned within the San Francisco-focused efficient altruism group. Recipients embrace earth programs scientist Claire Zabel, Democratic politicians Elizabeth Edwards-Appell and Alex Zajic, laptop science pupil Rocket Drew, and Chatham Home analysis fellow David Lawrence.
The previous FTX CEO additionally despatched over $248,000 to a resort firm in Miami, Florida; a notice signifies that the corporate hosted a mentorship retreat.
Different executives additionally dealt with donations
Different hooked up lists deliver complete donations amongst FTX executives to $230 million. One hooked up listing signifies that FTX’s former engineering head, Nishad Singh, carried out $72 million in political and different donations. One other listing reveals that ex-Alameda Analysis CEO Caroline Ellison spent $19 million on presents and different donations.
Notably, Singh and Ellison every contributed $40 million and $10 million to the AI agency Anthropic. Singh steered in his current testimony that FTX and Alameda donated $499 million to Anthropic general, alongside billions of {dollars} spent on different superstar endorsements, enterprise capital funds, and mining investments.
One more listing titled “FTX US” describes $1.7 million in political donations, a sum that features a $150,000 donation to the Tremendous PAC of pro-crypto U.S. consultant Patrick McHenry. One other listing contains $4.9 million in different political donations.
The listing of donations emerged as a bit of proof as Nishad Singh testified about extreme spending throughout Bankman-Fried’s ongoing prison case. Singh has pleaded responsible to marketing campaign financing costs as a part of a plea deal. Prosecutors intend to cost Bankman-Fried with marketing campaign financing violations at a later date.
