WH won’t say if Biden will return 2020 donations from Sam Bankman-Fried

[VySky]

Good question from the AP.

What say you? Should he return it?

======================================

WASHINGTON — White House press secretary Karine Jean-Pierre wouldn’t say Tuesday whether President Biden would ask his aides to return 2020 campaign contributions from accused cryptocurrency con man Sam Bankman-Fried, whom the Justice Department has charged with swindling investors out of at least $1.8 billion.

Bankman-Fried, 30, was one of the Democratic Party’s biggest donors and even met with Biden’s White House advisers before his FTX currency exchange collapsed in one of the largest alleged frauds in American business history.

Earlier Tuesday, federal prosecutors in the Southern District of New York charged Bankman-Fried with eight counts, including conspiracy to commit campaign finance violations. Manhattan US Attorney Damian Williams claimed the illegal donations from Bankman-Fried amounted to “tens of millions of dollars.”

“The president received campaign donations [from Bankman-Fried]. Will the president return that donation? Does he call on all politicians … to return those funds?” asked Associated Press reporter Zeke Miller.

“So look, I’m covered here by the Hatch Act — [I’m] limited on what I can say and anything that’s connected to political contributions from here, I would have to refer you to the DNC,” Jean-Pierre said, citing the federal law that prohibits certain officials from advocating for candidates.

WH won’t say if Biden will return 2020 donations from Sam Bankman-Fried

White House press secretary Karine Jean-Pierre wouldn’t say whether President Biden would ask his aides to return 2020 campaign contributions from accused cryptocurrency con man Sam Bankman-F…

nypost.com

 

[Fledermaus]

Good question from the AP.

What say you? Should he return it?

======================================

WASHINGTON — White House press secretary Karine Jean-Pierre wouldn’t say Tuesday whether President Biden would ask his aides to return 2020 campaign contributions from accused cryptocurrency con man Sam Bankman-Fried, whom the Justice Department has charged with swindling investors out of at least $1.8 billion.

Bankman-Fried, 30, was one of the Democratic Party’s biggest donors and even met with Biden’s White House advisers before his FTX currency exchange collapsed in one of the largest alleged frauds in American business history.

Earlier Tuesday, federal prosecutors in the Southern District of New York charged Bankman-Fried with eight counts, including conspiracy to commit campaign finance violations. Manhattan US Attorney Damian Williams claimed the illegal donations from Bankman-Fried amounted to “tens of millions of dollars.”

“The president received campaign donations [from Bankman-Fried]. Will the president return that donation? Does he call on all politicians … to return those funds?” asked Associated Press reporter Zeke Miller.

“So look, I’m covered here by the Hatch Act — [I’m] limited on what I can say and anything that’s connected to political contributions from here, I would have to refer you to the DNC,” Jean-Pierre said, citing the federal law that prohibits certain officials from advocating for candidates.

WH won’t say if Biden will return 2020 donations from Sam Bankman-Fried

White House press secretary Karine Jean-Pierre wouldn’t say whether President Biden would ask his aides to return 2020 campaign contributions from accused cryptocurrency con man Sam Bankman-F…

nypost.com

So what?

 

[daeler]

My guess would be they are trying to figure out, 1. if any are left after campaigning. 2. legal ramifications of what is left.

But like most politicians I doubt we will ever get a straight answer as to what happens with it.

 

[Mr Person]

Good question from the AP.

What say you? Should he return it?

======================================

WASHINGTON — White House press secretary Karine Jean-Pierre wouldn’t say Tuesday whether President Biden would ask his aides to return 2020 campaign contributions from accused cryptocurrency con man Sam Bankman-Fried, whom the Justice Department has charged with swindling investors out of at least $1.8 billion.

Bankman-Fried, 30, was one of the Democratic Party’s biggest donors and even met with Biden’s White House advisers before his FTX currency exchange collapsed in one of the largest alleged frauds in American business history.

Earlier Tuesday, federal prosecutors in the Southern District of New York charged Bankman-Fried with eight counts, including conspiracy to commit campaign finance violations. Manhattan US Attorney Damian Williams claimed the illegal donations from Bankman-Fried amounted to “tens of millions of dollars.”

“The president received campaign donations [from Bankman-Fried]. Will the president return that donation? Does he call on all politicians … to return those funds?” asked Associated Press reporter Zeke Miller.

“So look, I’m covered here by the Hatch Act — [I’m] limited on what I can say and anything that’s connected to political contributions from here, I would have to refer you to the DNC,” Jean-Pierre said, citing the federal law that prohibits certain officials from advocating for candidates.

WH won’t say if Biden will return 2020 donations from Sam Bankman-Fried

White House press secretary Karine Jean-Pierre wouldn’t say whether President Biden would ask his aides to return 2020 campaign contributions from accused cryptocurrency con man Sam Bankman-F…

nypost.com

^^​

Anyone noticing how literally anything can happen anywhere in the world and they *will* try to make propaganda out of it?

And you just know that if he gives it back, they'll just shift to complaining that it wasn't given fast enough. Or they'll see if they can find indications that the guy met with any Democrat and claim that that proves the Democrats are in on it in a way that will of course never be explained. Biden can make a statement about it, and then they'll make the conspiracy theory be about how he used a teleprompter to do it.

On and on and on. It's a bullshit factory.



Extra credit: if there's anything scandalous here, it's that the legislature and existing agencies did not move nearly fast enough in regards to crypto. It's a big mash-up of ponzi schemes, woefully lax if not downright fraudulent business practices, outright fraud/theft, and SMH scandals like that one guy who ran a company with hundreds of millions in holdings who died without anybody - not even a lawyer of his - having a means to access his login. Money gone. Poof.

Crypto is the scandal, but all they can do is go Biden Democrats Biden Democrats commies commies commies.

Extra extra credit: if Big-L Libertarians ever got power, they'd set the stage for this kind of thing en masse across industry. When you don't have rules you get unscrupulous actors, not utopia.

 

[Deuce]

You want to give money to that scammer!?

 

[Threegoofs]

Good question from the AP.

What say you? Should he return it?

Then you'll whine about Biden giving money to criminals.

 

[ecofarm]

We should probably limit ourselves to one Big Announcement per day.

 

[eman623]

I love how Bankman said he also gave money to Republicans, but it was "dark money".

He's more worried about people thinking he's a fraudster and embezzler than he is about people thinking he's a GOP donor.

 

[Demon]

Not trying to derail, but I'm curious as to whether politicians ever returned money they got from Enron? Has a precedent been set for returning donations from companies that probably weren't known to be a problem at the time the money was given?

 

[VySky]

^^​

Anyone noticing how literally anything can happen anywhere in the world and they *will* try to make propaganda out of it?

And you just know that if he gives it back, they'll just shift to complaining that it wasn't given fast enough. Or they'll see if they can find indications that the guy met with any Democrat and claim that that proves the Democrats are in on it in a way that will of course never be explained. Biden can make a statement about it, and then they'll make the conspiracy theory be about how he used a teleprompter to do it.

On and on and on. It's a bullshit factory.



Extra credit: if there's anything scandalous here, it's that the legislature and existing agencies did not move nearly fast enough in regards to crypto. It's a big mash-up of ponzi schemes, woefully lax if not downright fraudulent business practices, outright fraud/theft, and SMH scandals like that one guy who ran a company with hundreds of millions in holdings who died without anybody - not even a lawyer of his - having a means to access his login. Money gone. Poof.

Crypto is the scandal, but all they can do is go Biden Democrats Biden Democrats commies commies commies.

Extra extra credit: if Big-L Libertarians ever got power, they'd set the stage for this kind of thing en masse across industry. When you don't have rules you get unscrupulous actors, not utopia.

After all that said, do you think he will give it back?

 

[VySky]

Then you'll whine about Biden giving money to criminals.

It would go back to the people SBF swindled and federal tax crimes

 

[Threegoofs]

It would go back to the people SBF swindled and federal tax crimes

Probably.
But my comment was about what you would SAY, not what happens in reality, which generally is not a part of your posting history.

 

[Buckeyes85]

It would go back to the people SBF swindled and federal tax crimes

Gotta' love how you folks are the first to yell "innocent until proven guilty" when it's one of your boys facing prosecution. For anyone else: hang them from the yardarm the minute they're accused of anything.

But while we are the topic of hypotheticals, which do you think is worse:
A recipient who receives and retains donated money possibly stolen from others; or
A recipient who steals money from their donors, and keeps it?

 

[Slavister]

We should probably limit ourselves to one Big Announcement per day.

^^^^^ THIS ^^^^

 

[SCrider]

After all that said, do you think he will give it back?

to whom?

 

[SCrider]

I love how Bankman said he also gave money to Republicans, but it was "dark money".

He's more worried about people thinking he's a fraudster and embezzler than he is about people thinking he's a GOP donor.

even the devil has standards.