SBF prosecutors reportedly dig into donations made to top US Democrats

The prosecutors investigating former FTX CEO Sam Bankman-Fried (SBF) have reportedly reached out to top members of the Democratic Party demanding details about the political donations made by the entrepreneur.

Democratic members from the Democratic National Committee (DNC), the Democratic Congressional Campaign Committee (DCCC) and Congressman Hakeem Jeffries have been contacted by SBF prosecutors for info to support their ongoing investigations, in accordance to a New York Times report.

The United States legal professional’s workplace for the Southern District of New York despatched an e mail to the Democratic Party elections lawyer Marc Elias, asking for particulars on donations made by SBF. Similar emails have been despatched over to different members of the Democratic and Republican events.

The Royal Bahamas police arrested SBF on Dec. 12 based mostly on a request of the U.S. authorities, only a day earlier than the accused was supposed to testify earlier than Congress. The entrepreneur was charged with eight counts of monetary and elections fraud, circling across the alleged siphoning of $1.8 billion in buyer funds.

The ongoing investigations round SBF’s political donations gained consideration as he was the Democrats’ second-largest particular person donor, who shelled out $39.8 million.

Related: Sam Bankman-Fried seeks to reverse resolution on contesting extradition: Report

On Dec. 17, three distinguished Democratic teams — the DNC, the Democratic Senatorial Campaign Committee and the DCCC — have reportedly determined to return SBF-linked donations to FTX traders, which collectively exceed $1 million.

As beforehand reported by Cointelegraph, a DNC spokesperson confirmed the choice:

“Given the allegations round potential marketing campaign finance violations by Bankman-Fried, we’re setting apart funds so as to return the $815,000 in contributions since 2020. We will return as quickly as we obtain correct course within the authorized proceedings.”

The different two Committees, DSCC and DCCC, have additionally reportedly pledged to put aside $103,000 and $250,000 for reimbursement, respectively.