CRAZY: Before PAC FTX Fell Apart, This is Where the CEO Funneled MILLIONS To

Most of the news about FTX has been about how the crypto trading company had no risk management or even any kind of responsible management. However, there’s another side to the story that the leftist media would probably rather not focus on: Sam Bankman Fried (SBF) was a huge Democrat donor who gave tens of millions of dollars to the Biden Campaign and other candidates.

Even though he was Biden’s second biggest donor in 2020, after George Soros, he was also a major backer of leftist candidates in 2021 and 2022. FEC filings show that SBF gave about $38 million to different candidates and political action committees (PACs) during those years.

Fox Business says that out of all the candidates and political action committees (PACs) that SBF gave money to, the Protect Our Future PAC got the most. It was started in January, and its goal is to support candidates who want to stop pandemics from happening again.

On the site of the PAC, it says:

Protect Our Future is an organization designed to help elect candidates who will be champions for pandemic prevention – candidates who, when elected, will have their eyes on the future.

Our country’s leaders failed to prepare for a pandemic experts warned for years was possible, and the result was more than a million preventable American deaths, trillions of dollars in economic damage, school closures, loss of freedoms, and untold suffering. Washington still has not learned its lesson, and has responded to the Covid crisis by underinvesting in pandemic prevention and leaving our country susceptible to another catastrophe, one that might be even worse next time. Our candidates are committed to safeguarding our nation from future global pandemics, so this is the last time in our lifetime, and our children’s lifetimes, that we will face the devastation that has gripped communities across the US since 2020.

A number of key principles govern the work we do and the candidates we support:

We can and need to act now to prevent the next pandemic.
We need real federal funding for pandemic prevention.
We must establish independent oversight of dual-use research including enforcement mechanisms to ensure safety and security.
We understand that government action can have a positive impact on people’s lives.
We believe we can take steps now to protect our future.

First, SBF gave it $9 million, and then he gave another $18 million. His $27 million in donations made up 95% of the PAC’s funding. Nishad Singh, another FTX executive, gave $1 million, which made up most of the rest. Even though the PAC says it is “bipartisan,” it has only given money to Democrats.

But he also gave about $11 million to other leftist candidates and causes. Fortune says, “30-year-old Bankman-Fried has been a major force in Democratic politics, ranking as the party’s second-biggest individual donor in the 2021–2022 election cycle.”

 

Featured Image screengrab from embedded Tweet and Shutterstock.

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