Disgraced Crypto Ex-CEO Was Plotting to Spend Nearly $1 Billion Boosting Democrats, Reshaping American Politics: Report

Contact Your Elected Officials
The Daily Caller News Foundation Header

Sam Bankman-Fried, former CEO of now-bankrupt crypto exchange FTX, had planned to become the biggest donor to the Democratic Party in 2024, a cycle in which he might have spent as much as $1 billion, according to investigative journalist Theodore Schleifer, writing for Puck News Wednesday, Nov. 23.

The erstwhile billionaire filed in April, 2022, to incorporate an umbrella organization known as The Center for the Future in Delaware, according to Schleifer, citing corporate database Open Corporates. The organization intended to tackle a variety of hot-button issues ranging from pandemic preparedness to democracy reform, the foundation of which was the first salvo in a 50-year influence campaign designed to fundamentally transform American politics, Schleifer alleges, citing sources who spoke with Bankman-Fried’s aides.

“Sam’s idea is he basically saw all the world’s biggest problems as being multi-decade, multi-century trillion-dollar problems,” an anonymous source who worked with The Center for the Future told Schleifer. “How do you solve global hunger? You can’t possibly hope to solve pandemic prevention on the timescale of one person’s lifetime. Rather than think about how to solve that in a 10 or a 20 or a 30-year career, think in terms of 50 or 100 years.”

Having spent nearly $37 million on Democratic issues in the 2022 midterm cycle, Bankman-Fried was already the second largest individual donor to Democrats behind George Soros, according to financial watchdog Open Secrets.

Schleifer claims that he has acquired the tax filings for Guarding Against Pandemics, one of Bankman-Fried’s main political groups, showing that the organization had $22.7 million in revenue in 2021. In the time since, the group has acquired several more full-time staff and consultants, growing significantly.

As part of Bankman-Fried’s push to prepare for 2024, he acquired Deck, a Democratic tech startup to help the party target voters, for roughly $5 million after his mother, Barbara Fried, had spoken highly of the firm to him, according to Schleifer. He was also running experiments and performing statistical analyses to assess the effectiveness of Facebook ads, community newsletters, and other campaign tools in order to optimize outreach, Schleifer reported.

Fried, alongside Bankman-Fried’s brother, Gabe Bankman-Fried recently stepped down from their roles at Mind the Gap, a Democratic dark money group that connects deep-pocketed donors to campaigns that they believe will see the greatest return on investment, but does not make donations of its own.

Across all of Bankman-Fried’s political groups and organizations, Schleifer estimates that the former mogul has spent roughly $100 million, but stresses that this value is possibly an underestimate.

Deck did not immediately respond to a Daily Caller News Foundation request for comment.

By John Hugh DeMastri

Read Original Article on DailyCaller.com

Daily Caller News Foundation
Daily Caller News Foundationhttps://dailycaller.com/
Tucker Carlson's Daily Caller delivers award-winning original reporting, in-depth investigations, entertainment, thought-provoking commentary and breaking news.

The Choices We Make

Death and disagreement are inevitable. Love and hate are choices. We will all die. Before we do, what choices will we make?

Elon Musk Speaks at Unite the Kingdom Rally

Tommy Robinson held rally, with Elon Musk appearing virtually, calling attention to leftist politicians who allow foreign immigrants to invade England.

Doxed Democrats Are Getting Fired Left and Left

Not a misprint because a title of “left and...

Hold Up, Feds, Without Federalism, There Is No USA

Federalism is essential to governing the U.S., yet the federal government is undermining it by bribing states to implement unnecessary federal programs.

A Widow Inspires The World

Erika Kirk moved the nation with her speech two days after her husband’s assassination, vowing to continue his mission and grow Turning Point USA.

Parents Sue Character.AI for Allegedly Leading Kids to Sexual Abuse, Suicidal Behavior

Parents allege in three lawsuits that Character.AI’s chatbots sexually abused their children and drove them toward suicidal thoughts and behavior.

Tyler Robinson Makes First Appearance in Court, Faces Capital Murder Charge in Charlie Kirk Assassination

Tyler Robinson remained motionless throughout his first court appearance on capital murder and other charges after the shooting death of Charlie Kirk.

Trump to Appeal Ruling Allowing Fed Governor Lisa Cook to Keep Her Job

The Trump admin will appeal a three-judge panel’s ruling that prevents the president from firing Federal Reserve Governor Lisa Cook.

Charlie Kirk’s Alleged Murderer Confessed Shortly After Shooting, Messages Show

The man accused of murdering conservative influencer Charlie Kirk confessed to the killing in text messages, authorities said on Sept. 16.

Rubio Says US Visa Revocations Underway After Charlie Kirk Death Celebrations

SoS Marco Rubio said foreign nationals who made celebratory comments over Charlie Kirk’s assassination will have their U.S. visas revoked.

Trump Supports Designating Antifa a Terrorist Organization

President Trump said he would support designating the antifa movement a terrorist organization in the wake of Charlie Kirk’s assassination last week.

US Conducts Strike on Another Drug Boat From Venezuela: Trump

Three people were killed in a U.S. strike on a Venezuelan drug boat, President Donald Trump announced on Sept. 15.

Trump Signs Memo Targeting Direct-to-Consumer Pharmaceutical Advertising

President Trump signed a memo to ensure drug ads give fair, balanced, and complete information to protect and inform American consumers.
spot_img

Related Articles

Popular Categories

MAGA Business Central