Democrat politicians of America are popping the champagne bottles this weekend. In a stealth move before the three-day New Year’s weekend, the Department of Justice quietly said it is dropping campaign finance prosecution of crypto-kingpin Sam Bankman-Fried.
To pursue the charges would have ensnared untold numbers of Democrat politicians and the Democratic Party itself. Now, the flow of hundreds of millions of dollars into Democrat causes and campaigns by one of the largest political donors this side of George Soros may never be known.
Bankman-Fried poured millions of dollars into almost exclusively Democrat political coffers, including the Alaska Democratic Party, which got the Bankman-Fried funds through a pass-through from the Democratic National Committee. The $9,750 slipped to the Alaska Democrats helped the party fight Alaska Republicans candidates so that Democrat Mary Peltola could rise to become Alaska’s lone U.S. representative.
Alaska Sen. Lisa Murkowski also was the beneficiary of some of the funds, but she donated the equivalent amount from her campaign to a family-associated nonprofit when the discovery about the Bankman-Fried criminal enterprise came to light.
In dropping the charges, the Biden Justice Department told U.S. District Judge Lewis A. Kaplan that evidence at another trial would duplicate the first trial and the FTX crypto victims would not benefit from restitution orders if sentencing in the first case is delayed. Bankman-Fried will be sentenced March 28 for defrauding his cryptocurrency customers and investors out of more than $10 billion.
Bankman-Fried donated $100 million during the 2022 midterm elections, including millions into dark money groups with his FTX crypto-customers’ funds.
Some of the groups were linked to Senate leaders including Sen. Chuck Schumer and Sen. Mitch McConnell.
Bankman-Fried was convicted in early November of seven counts, including wire fraud, wire fraud conspiracy and conspiracy.
