The bankruptcy of the cryptocurrency exchange FTX, an implosion that some have compared to the collapse of energy giant Enron, and its disgraced founder’s funneling tens of millions of dollars into the Democratic Party’s midterm efforts have drawn attention to the immediate family of billionaire Sam Bankman-Fried and their relationship with Democrat politicians and left-wing organizations.
A ubiquitous uber-rich whiz kid, Bankman-Fried aka SBF was the second biggest donor to the Democratic Party, trailing only billionaire malefactor George Soros, and had pumped $40 million into what the New York Post described as “‘get-out-the-vote’ and other shadowy ballot-harvesting mechanics for the midterms,” only to have the exchange file for bankruptcy days after the election.
With much attention being given to what, in a country with a functional media, would be an enormous political scandal, ties between SBF’s family and the Democratic Party machine are being scrutinized and a Fox News report sheds light on connections that should raise serious questions.
“We’re ambitious and looking to make a splash,” SBF’s brother Gabe Bankman-Fried said in a May NBC News interview.
According to Fox News, “The Bankman-Fried brothers have led joint efforts to raise money to prevent future pandemics. Of the $38 million Sam Bankman-Fried donated to political campaigns and groups during the midterm election, about $27 million went to Protect Our Future PAC, a political action committee dedicated to boosting candidates who would push forward anti-pandemic policies, according to Federal Election Commission data.”
“The PAC only gave money to Democrats and the gun control group Everytown for Gun Safety Victory Fund. Bankman-Fried’s donations to the PAC represented more than 99.5% of its total money raised,” the outlet reported. “Gabe Bankman-Fried, who has contributed more than $361,000 to mainly Democratic campaigns and causes over the last several years, founded the group Guarding Against Pandemics. The group researches and endorses candidates who then often receive cash from Protect Our Future PAC.”
(Video: Fox News)
“A webpage highlighting Gabe Bankman-Fried’s role starting Guarding Against Pandemics on the group’s website was recently wiped, but was archived and reviewed by Fox News Digital. The webpage stated that he was previously a legislative correspondent for Rep. Sean Casten, D-Ill., on Capitol Hill between 2019 and 2021 — and worked for Civis Analytics, a data firm that works hand-in-hand with Democratic PACs,” Fox News reported.
In addition, SBF’s parents “have also been involved with Democratic lawmakers and groups” and together “have contributed more than $196,000 to mainly Democrats,” according to FEC records.
Bankman-Fried’s mother Barbara Fried, “leads Mind the Gap, a secretive organization that funnels massive amounts of money to Democratic campaigns, according to Influence Watch. The group has received major funding from well-known Silicon Valley donors including Schmidt, the former Google CEO; Dustin Moskovitz, the co-founder of Facebook; Allen Blue, the co-founder of LinkedIn; and Jeff Horing, the co-founder of top venture capital firm Insight Partners,” Fox News reported.
According to Influence Watch, “Mind the Gap (MTG) is a left-wing super PAC dedicated to helping Democratic political candidates win elections. The PAC earns millions of dollars in donations primarily from Silicon Valley executives ‘who are keen on quietly funneling massive political donations into the Democratic Party’. The mission of MTG is to ’empower private political donors to strengthen our democracy by providing them with evidence-based guidance on the electoral strategies, tactics, and programs that are likely to achieve the greatest impact in a given election’”.
“Joseph Bankman, a Stanford University law professor and the Bankman-Fried brothers’ father, was involved in an effort spearheaded by Sen. Elizabeth Warren, D-Mass., to draft tax legislation. He then led a group of legal and economic scholars endorsing the bill,” according to Fox News.
As questions continue to swirl about FTX, Fox Business reported that “the U.S. and the Bahamas have discussed potentially extraditing former crypto billionaire Sam Bankman-Fried to the U.S. for questioning regarding the collapse of his company,” as SBF resides in the Bahamas.
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