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Maybe FTX Was Just A Political Money-Laundering Operation

A month ago, we noted that fraudster Sam Bankman-Fried and two other FTX executives gave an estimated $57 million to Democratic candidates and groups and $22 million to Republican candidates and groups. We promised to keep track of which politicians and PACs give the money back so it can go to the victims of SBF’s Ponzi scheme.

The United States attorney’s office in New York has since called on everyone linked to FTX to “work with us to return that money to innocent victims.”

A few – including incoming House Democratic leader Hakeem Jeffries and Rep.-elect Aaron Bean, a Florida Republican — have either returned FTX donations or given the money to charity. But they remain outliers.

Meanwhile, new donations linked to FTX keep turning up.

A Biden-linked nonprofit called Future Forward USA Action received $1.65 million that was linked to FTX.

One group that appears linked to FTX money is the Elias Group, a law firm described by the New York Times as “the leading political law firm on the left.” Elias was the lawyer who acted as the go-between for payments from Hillary’s 2016 campaign to the folks who produced the infamous and inaccurate Steele Dossier that smeared Donald Trump over RussiaGate.

The Times reports that political groups represented by the Elias firm that got FTX money include the Democratic National Committee, the Democratic Congressional Campaign Committee, the Democratic Senatorial Campaign, and the House Majority PAC.

Will they return the funds? Don’t count on it. House Majority PAC took in $6 million from SBF, but it now has less than $500,000 in assets.

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