Sam Bankman-Fried, the CEO and founder of Crypto exchange giant FTX, elevated himself to the ranks of a political megadonor with his eye-popping $40 million spending spree that funded the campaigns of a slew of Democrats – but it's also prompting some observers to question the motivations for those donations, which came just ahead of his company's spectacular implosion.
The millions doled out by Bankman-Fried made him the second-largest donor to Democrats in the 2021-2022 election cycle, placing him behind only George Soros and his roughly $128 million in donations.
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Marisa Herman ✉
Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.