Fong

A watchdog group has demanded an investigation into Sam Bankman-Fried’s political donations, claiming the former FTX CEO admitted to donating tens of millions of dollars to Republicans under the table, in violation of federal law. The Citizens for Responsibility and Ethics in Washington (CREW) filed the complaint with the Federal Election Commission (FEC) on Dec. 8, citing comments made by Bankman-Fried in a Nov. 16 interview with cryptocurrency vlogger Tiffany Fong released via YouTube on Nov. 29. CREW suggested in its complaint that wealthy donors often take advantage of the Citizen United ruling to evade federal disclosure laws by using intermediaries and claiming they were unaware of where the funds ended up, but that Bankman-Fried’s admission negates this plausible deniabil...