Posted on 01/18/2023 7:43:09 AM PST by Oldeconomybuyer
More than one in three of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from one of the senior executives of the fraud-ridden crypto giant.
CoinDesk has identified 196 members of the new Congress – many of whom were just sworn in last week – who took cash from Sam Bankman-Fried or other senior executives at FTX including new Speaker of the House Kevin McCarthy (R-Calif.) and Senate Majority Leader Chuck Schumer (D-N.Y.), down to a list of recipients new to high-level politics.
After the lawmakers received the money, it became clear – according to the work of journalists, the criminal charges and admissions of guilt from FTX insiders – that the funds sprang from this colossal financial swindle. CoinDesk reached out to all 196 lawmakers to ask what they would do with the money.
Most of the politicians who responded said they handed it over to charities to remove the taint of contributions.
Anthony Sabino, a bankruptcy expert and professor of law at St. John’s University, told CoinDesk that the courts will work out whether this cash is tied to fraud, though clawing it back to FTX creditors could take years. Victims of Bernie Madoff are still receiving payments 14 years after his arrest.
According to Sabino, the game of hot potato that campaigns play by giving donations to charity is a "political move" that doesn’t magically absolve them from their responsibility to pay back the money.
“The law does not care if you gave it to Mother Teresa,” Sabino said.
And if the money has already been spent? Sabino says, “tough luck.”
“If you no longer have the money, too bad,” he said. “You are still liable. You might go bankrupt yourself.”
(Excerpt) Read more at coindesk.com ...
Name them and make them famous.
These are just the declared political donations. There are persistent rumors that some of them also received unreported “donations” to their private crypto accounts. But don’t hold your breath on any investigative reporting.
Ping
Can we assume that 3 in 3 Rat Congresscritters got that cash?
Was looking for an easy is it to search list of who got the campaign donations by party. But most of the website you go to or too hard to search out. Does anybody know a simple solution to finding out for each state by party?
We aren’t in that club...
Most of the politicians who responded said they handed it over to charities to remove the taint of contributions.
ummm nope... gonna pay twice then come the clawback
Names of all recipients need to be publicized immediately. Regardless of party.
100%
Not necessarily important. Any ole’ crap group can offer $10K or so just to sit inna a Congress-critter’s office and talk for 30 minutes. That is the sort of activity the group can point at when they are squeezing the gullible Aholes out there for a donation.
What matters is whether or not the C-C voted in support of something the group touted. If you can’t connect those dots you are wasting everyone’s time.
“More than one in three of the 535 senators and representatives in the U.S. Congress”
China probably owns many more.
This too sophisticated for those fronting FTX.
Some other people were running FTX.
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