The family of Sam Bankman-Fried, the beleaguered founder of the now-bankrupt crypto exchange FTX, has significant ties to the Democratic establishment in Washington, D.C.
The FTX CEO’s family — consisting of his parents, Joseph Bankman and Barbara Fried, and brother Gabe Bankman-Fried — has contributed hundreds of thousands of dollars to Democratic candidates and actively worked with left-wing organizations committed to supporting Democrats. The four appear to have had subtle influence on the Democratic establishment for the better part of a decade.
“We’re ambitious and looking to make a splash,” Gabe Bankman-Fried said in an interview with NBC News in May.
The Bankman-Fried brothers have led joint efforts to raise money to prevent future pandemics. Of the $38 million Sam Bankman-Fried donated to political campaigns and groups during the midterm election, about $27 million went to Protect Our Future PAC, a political action committee dedicated to boosting candidates who would push forward anti-pandemic policies, according to Federal Election Commission data.
The PAC only gave money to Democrats and the gun control group Everytown for Gun Safety Victory Fund. Bankman-Fried’s donations to the PAC represented more than 99.5% of its total money raised.
Gabe Bankman-Fried, who has contributed more than $361,000 to mainly Democratic campaigns and causes over the last several years, founded the group Guarding Against Pandemics. The group researches and endorses candidates who then often receive cash from Protect Our Future PAC.- READ MORE