The up-and-coming crypto coin king who financed Democrat campaigns with his ill-gotten gains was sentenced on Thursday to 25 years in prison for fraud. His sentence could have gone as much as 110 years for his crimes.
Bankman-Fried was the founder of FTX, a crypto currency trading platform, and he founded Alameda Partners. The money flowed back and forth between the entities and he took the profits and donated them to groups like the Alaska Democratic Party, and even to the campaign of Sen. Lisa Murkowski. Rep. Mary Peltola’s campaign received Bankman-Fried’s help with passthrough money from the Alaska Democratic Party.
He was the wonder-child of the new invisible currency until it all caught up with him and he was convicted for stealing $8 billion from his customers.
Ultimately, the U.S. Justice Department dropped the campaign finance charges against him. To do so would have ensnared half of Congress and the Democratic Party itself.
