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FTX seeks to claw back Sam Bankman-Fried's political donations
[NYPOST] FTX’s new leadership team signaled that it will attempt to claw back money that disgraced ex-billionaire Sam Bankman-Fried and his close associates improperly funneled to various entities — including a fortune in donations to political candidates.New FTX CEO John Ray and the company’s other caretakers said they have received inquiries from various recipients who want to give back the money, the Wall Street Journal reported on Tuesday. The bankrupt company called on others who took money from Bankman-Fried and other FTX executives to return the funds. "To the extent such payments are not returned voluntarily, the FTX debtors intend to commence actions before the bankruptcy court to require the return of such payments, with interest accruing from the date any action is commenced," FTX said in a statement. Bankman-Fried’s illicit spending spree before FTX’s collapse included at least $40 million in political contributions to Democratic candidates and political action committees. Posted by: Fred 2022-12-22 |
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