The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle.
Samuel Bankman-Fried, center, is escorted out of the Magistrate Court building the day after his arrest in Nassau, Bahamas, Tuesday, Dec. 13, 2022. The U.S. government chargedBankman-Fried, the founder and former CEO ofcryptocurrencyexchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company's multibillion-dollar collapse.
In a statement Friday, DNC spokesman Daniel Wessel said that the group will set aside the $815,000 in contributions it has received from Bankman-Fried since 2020. That total includes donations Bankman-Fried made directly to the DNC as well as the Democratic Grassroots Victory Fund and the Biden Victory Fund, which was a joint fundraising committee approved by Joe Biden's presidential campaign, the DNC and state Democratic parties.
The DSCC group received $103,000 in donations associated with Bankman-Fried, and like the DNC, is preparing to return it once it gets the proper guidance, according to spokesman David Bergstein. The DCCC is setting aside its $250,000 it got from Bankman-Fried and said it is"waiting for further guidance from the government on what to do with the money based on their legal proceedings.”
“House Democrats are committed to preserving the integrity of our democracy and fairness in our campaign finance system," said the spokesman, Chris Taylor. There's growing scrutiny on campaign donations that Bankman-Fried showered on individual lawmakers, campaign committees and super PACs since FTX collapsed last month and
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