FTX and The Democrat Money Laundering Scheme

Nov 13

Nov 13 FTX and The Democrat Money Laundering Scheme

(Chaz Anon) Now that the elections are over (for the most part), the Democrats dirty laundering can be aired. It’s looking like the Democrats 2022 campaigns might have been funded by kickbacks from Ukraine via FTX as the pass-through vehicle.

The multi-billion dollar cryptocurrency company FTX, run by CEO Sam Bankman-Fried, the second biggest Democrat donor right after George Soros, collapsed last week as details emerged regarding their financial practices, which led to a run by customers on FTX. It turns out FTX didn’t actually have the funds to pay out all the withdrawals.

It was also revealed that FTX had partnered with Ukraine to process donations to their war efforts within days of Joe Biden pledging billions of American taxpayer dollars to the country. Ukraine invested into FTX as the Biden administration funneled funds to the invaded nation, and FTX then made massive donations to Democrats in the US.

An article from the cryptocurrency news website Coindesk from March 15, 2022 reported that Ukraine partnered with FTX, and that "FTX is converting crypto contributions to Ukraine’s war effort into fiat for deposit at the National Bank of Ukraine." Fiat is the legal tender or paper money of a particular country.

This is where I really, truly need another reporter, one who is skilled on financial fraud - and not afraid to chase a story that could be VERY bad for Democrats. The Venn diagram is small.
— Alex Berenson (@AlexBerenson) November 12, 2022

Large donations to Joe Biden https://t.co/smlCRPynR7
— Crypto Tea (@CryptoTea_) November 12, 2022

Ukraine’s Ministry of Digital Transformation is a partner of FTX.

👀 pic.twitter.com/ZbmmMgrACb
— Natalie Winters (@nataliegwinters) November 13, 2022

Bankman-Fried made donations to the Dems that totaled $39.8 million, putting him just behind George Soros and his $128 million in donations for the 2021-22 cycle. Bankman-Fried became a significant donor to Biden starting in 2020.

Bloomberg reports that Sam Bankman-Fried was interviewed by Bahamian police and regulators on Saturday, although Bloomberg was quick to add that in the Bahamas, law-enforcement inquiries don’t necessarily mean someone will be arrested or charged with a crime.

In a separate report, Bloomberg also notes that the Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX (narrator: there was).

“In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred,” a police spokesperson said in a statement Sunday.

Separately, CoinTelegraph adds that in addition to SBF, the low profile FTX co-founder Gary Wang and director of engineering Nishad Singh are also said to be in the Bahamas and are “under supervision” by the local authorities. A source familiar with the matter told Cointelegraph that the three former FTX executives, as well as Alameda Research CEO Caroline Ellison, are looking for ways to flee to Dubai. While the plan was made assuming that the United States “doesn't have any extradition treaties” with the UAE, the nations signed a mutual legal assistance treaty (MLAT) back on Feb. 24, 2022, to work against criminals.