Democrats are bathing in dirty money that belongs to defrauded crypto investors
Also, the best Thanksgiving foods come from cans.
Hey, everyone! I’m a bit late with today’s newsletter - mea culpa. I’ve been doing a lot of writing over at RedState, trying to make sense of everything that’s happened since the election. Some states are chronically ballot-challenged — ahem, California! — so the final numbers aren’t yet in. But, we do know that the GOP will take the House; we won’t know until the Georgia runoff on December 6 what the Senate makeup will look like.
Then there’s the nonstop Trump vs. DeSantis talk. I’ve said it before and I’ll say it again: Why don’t we have a robust GOP presidential primary? In the words of that creepy lady from Poltergeist, “All are welcome. All are welcome.” Let the candidates run on their records and have voters decide on who did the best job and who should have the honor of kicking Joe Biden out of the White House. Let me know what you all think by leaving a comment.
My main story for you today is about all the money the Democrats received from crypto fraud Sam Bankman-Fried, that guy who went from being worth $16B last Monday to $0 by Friday. Quite an achievement, even for a lib. He was the second biggest donor to Democrats in 2022 and lobbed a hunk of money at Joe Biden in 2020. What’s going on here, exactly? Read on to find out!
Signing off from rainy and cold Northern Virginia!
— Teri (email@example.com)
Democrats love that dirty, dirty money
Democrats love to feign outrage at the role “dark money” plays in politics. Dark money, they say, allows unnamed donors to have undue influence over elections and that kind of money should be banned. (They, of course, collect gobs of money from dark money sources every election cycle, but that’s a story for another day.) If they hate dark money so much — wink, wink — they should really be outraged by the scandalous bankrolling of the 2022 election by a not-so-secret source, crypto fraud Sam Bankman-Fried of FTX infamy.
Quick recap of the astonishing downfall of FTX and its founder, courtesy of RedState’s own Jennifer Oliver O’Connell:
According to Reuters’ sources, they claim that at least $1 billion of customer funds have vanished from individual accounts, reportedly triggered through a “backdoor” housed in the finance software.
According to Influence Watch, Bankman-Fried gave approximately $5.2 million to Joe Biden’s 2020 presidential campaign. Bankman’s mother is a Stanford professor and founder of the Silicon Valley PAC Mind the Gap, which supports Democrat candidates.
Bankman-Fried said in a podcast that he had plans to pour at least $100 million into the 2024 presidential campaign, and potentially even more, should former President Donald J. Trump declare his candidacy.
On that Trump bit, here’s a rather concerning tidbit, courtesy of Ken Griffin, CEO of Citadel:
“On the balance sheet of FTX is a line called ‘Trump Lose.‘”
This seems like some important information when looking at the totality of FTX’s implosion, no? Some have suggested FTX was nothing but a Democrat Party slush fund, with Bankman-Fried relishing his role as second largest Democrat funder in the 2022 cycle (behind George Soros). It certainly bought him access to the upper echelons of the party, as White House log books and photos of him rubbing elbows with Bill Clinton demonstrate. And the grift goes on.
Considering the nefarious nature of these donations’ origins, shouldn’t the oh-so-principled Democrats return the dirty money to FTX’s investors?
Fox News contributor Miranda Devine, appearing on “Fox & Friends” this morning, noted that the Democrats had benefitted greatly from Bankman-Fried’s fraudulent largesse:
“And the Democrats, with their $40 million that they got at least this cycle to win the midterms, plus the $10 million that this guy put into Biden’s campaign in 2020, they really owe it to the victims of this scam to give it back,” she said, noting that Bankman-Fried visited the White House several times this year.
What exactly did Bankman-Fried get in return for his $50 million (and subsequent pledge to donate $1 billion in 2024)? According to Devine, he “was behind a whole lot of legislation that was being drafted that was supposedly going to regulate crypto, but keep the SEC out of it.” Oh.
FTX and Bankman-Fried may also have some connections to the war in Ukraine, with some suggesting that some of FTX’s money was used to help fund Ukraine. Again, Fox News:
His company also reportedly set up a website, Aid for Ukraine, to raise funds for Ukrainians amid the ongoing war against Russia. The initiative was powered by the Ministry of Digital Transformation of Ukraine, FTX and Ukrainian-web company Everstake.
Cryptocurrency donations were sent to the National Bank of Ukraine. The 30-year-old crypto financier wrote on Twitter in early March he was “excited and humbled to be working with the Ukrainian Ministry of Finance and others to support crypto donations to Ukraine.”
Confused? Here’s a meme that explains it all.
Evidence is mounting that Sam Bankman-Fried executed a world class crypto scam that lost a lot of people money, yet somehow enriched the Democrat Party. It’s dirty money that deserves to be returned to FTX’s investors, but will that happen? No chance — Democrats are far too used to not being held accountable for their actions or inactions. Perhaps the new Republican-led House could launch an investigation?
Originally posted at RedState.com.
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And, of course, the memes
From my GenX memory vault
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I am glad I discovered you on Redstate, Teri. Now I follow you on Substack, your podcast and Facebook. I appreciate your conservative values and contributions towards conservative goals.