Sam Bankman-Fried has had four meetings with Biden aides this year
Disgraced cryptocurrency mogul Sam Bankman-Fried met with four Biden officers in the Bahamas this year before the collapse of his FTX empire and his arrest.
The 30-year-old Democratic Party donor, who is awaiting trial over one of the biggest financial scams in U.S. history, held talks on Sept. 8 with senior White House adviser Steve Ricchetti, Bloomberg reported Thursday.
He had at least two other meetings with Ricchetti on April 22 and May 12, and another with top adviser Bruce Reed.
Bankman-Fried’s brother Gabriel also attended a meeting alone on May 13.
The latest report is further evidence of the close ties Bankman-Fried had with Washington before he was charged with defrauding investors out of at least $1.8 billion.
The White House has declined to say whether Biden will return any portion of the fallen FTX founder’s $5.2 million in donations to his campaign and affiliated groups in 2020.
Disgraced cryptocurrency mogul Sam Bankman-Fried met with four Biden officers in the Bahamas this year before the collapse of his FTX empire and his arrest. He is pictured outside a New York federal courthouse last week after being released on a $250 million bond
Bankman-Fried is now under house arrest in his parents’ $4 million home in Palo Alto, California, after being released on a $250 million bond in a Manhattan court. The former CEO, 30, is facing securities and wire fraud allegations in connection with his collapsed crypto exchange FTX.
Bloomberg reported that the meetings focused on the crypto industry and exchanges and did not include politics.
Bankman-Fried was the second-largest contributor to the Democratic Party in the 2022 election cycle and has appeared at hearings on Capitol Hill.
The 30-year-old Democratic Party donor, who is awaiting trial over one of the biggest financial scams in U.S. history, held talks on Sept. 8 with senior White House adviser Steve Ricchetti, Bloomberg reported Thursday
Candidates have now donated the money to charity, returned it, or are waiting for the Justice Department to decide how to handle it.
Prosecutors say Bankman-Fried used FTX like a “personal piggy bank” to funnel money into his other company, Alameda.
He will be arraigned in a Manhattan court on January 3 and faces 115 years in prison if convicted on all charges.
Following his December 12 arrest in the Bahamas, Bankman-Fried was being held at the notorious Fox Hill Prison, where inmates are reportedly crammed with several other inmates in cells without access to running water or other basic sanitation.
It was previously reported that Bankman-Fried was being held in the prison’s infirmary – dubbed “Fox Hell” by fearful locals – where he was reportedly given preferential treatment over other inmates.
The embattled crypto crook reportedly had access to his own toilet, running water, a TV, local newspapers, crossword puzzles, and a host of other perks — including food that fits his vegan lifestyle.
Prior to his December 12 arrest in the Bahamas, SBF acknowledged risk management failures at FTX but claimed he did not believe he was criminally liable.
Two of its key associates, Caroline Ellison, former CEO of Alameda, and Gary Wang, former chief technology officer of FTX, have pleaded guilty to their roles in FTX’s collapse and have agreed to cooperate with prosecutors.
DailyMail.com has reached out to the White House for comment.
In December, White House Press Secretary Karine Jean-Pierre was asked if Biden would ask the campaign to return Bankman-Fried donations.
President Joe Biden, pictured with Jill Biden and granddaughter Natalie, arrived in St. Croix Tuesday night to spend New Year’s Eve in the sun. The White House has declined to say whether Biden will return campaign funds from Bankman-Fried
She claimed she could not respond because of the Hatch Act, which prevents public employees from engaging in political activity.
‘[I’m] Limited to what I can say and anything related to political input from here, I would have to refer you to the DNC,” she replied.
But on Tuesday she faced a setback.
“I’m asking for the President’s opinion though,” added an AP reporter.
“You asked me two questions: you asked me if he will return donations, and then you asked me for his opinion. I’m answering the first part, which says I’m covered by the Hatch Act from here on out. I’m limited to what I can say. And I just can’t talk about political donations or anything related to that,” she continued. ‘I can’t speak to that from here.’
https://www.dailymail.co.uk/news/article-11583847/Sam-Bankman-Fried-four-meetings-Biden-aides-year.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Sam Bankman-Fried has had four meetings with Biden aides this year