SBF’s Parents Involved In Democrat Dark Money And ‘Illegal’ Election Tactics

In a lawsuit filed on Monday, Sam Bankman-Fried’s parents have been accused of being involved in Democratic dark money and ‘illegal’ election tactics.

SBF's Parents Involved In Democrat Dark Money And 'Illegal' Election Tactics 1

A right-leaning political research group identified the parents of suspected cryptocurrency fraudster Sam Bankman-Fried’s involvement with Democrat dark money and ‘illegal’ 2020 election strategies.

A new scandal has erupted about Allan Joseph Bankman and his wife, Barbara Fried, who are presently being sued to recover some of the $26 million that were “fraudulently transferred and misappropriated funds” as part of FTX’s bankruptcy.

The two were accused of diverting millions of firm funds to their “pet causes” in a lawsuit filed on Monday seeking the clawback. Bankman, who claims to have assisted FTX in “navigating tax issues,” allegedly “considered having funds made available by Sam through Arabella,” one of the biggest dark-wing money advisory groups in the USA, whose board Bankman served on.

“This meant that Bankman had unfettered access to the FTX Group’s financials and corporate structure — two things that would have alerted him that money was moving between and among the FTX Exchanges, FTX Insiders, and other legal entities,” reads the filing.

The lawsuit’s footnote on page 19 disclosed Bankman’s advising position.

SBF's Parents Involved In Democrat Dark Money And 'Illegal' Election Tactics 2

Arabella oversees significant left-wing nonprofit organizations, which go on to sponsor tax-exempt corporations. Conservatives have increased their scrutiny of the firm because of this “dark money” arrangement, according to the Washington Examiner.

Bro the story is that Sam Bankman Fried’s dad was on the board of left wing dark money behemoth Arabella Advisors and you’re mad conservatives are calling them out?! — Comfortably Smug (@ComfortablySmug) September 19, 2023

The “New Venture Fund,” which “offered a platform through which FTX.US and its donors could contribute to particular charitable causes,” is mentioned in the complaint, which seeks to recover money Bankman and Fried are accused of having “fraudulently transferred and misappropriated.”

“This is a dangerous attempt to intimidate Joe and Barbara and undermine the jury process just days before their child’s trial begins,” the attorneys for Bankman and Fried said.

The US seized 1 million barrels of Iranian oil from the ship Suez Rajan in April, which was allegedly being sold to China by the IRGC.

Meanwhile, the NY Post says that Barbara Fried sent a document in late 2019 urging Democrats to give to a 501(c)(3) known as The Voter Registration Project or Everybody Votes, in accordance with a study from a right-leaning political research organization.

The Stanford professor argued that getting more Democrats registered to vote would be far more effective than simply donating to candidates, and encouraged donors to give 90% of their election contributions to Everybody Votes.

Non- partisan voter registration” charities are “4 to 10 times more cost-effective” at “netting additional Democratic votes,” Fried wrote in the memo.

The charity ended up raising a whopping $190 million, according to recent filings cited by the Capital Research Center.

According to Parker Thayer, the report’s author, charities and foundations are particularly prohibited from functioning to support a political party, in effect or in design, because they don’t disclose donations until years after they’ve been made.

The tactic, which “managed to stay out of the news and as far as we know out of Republicans’ sight-lines,” Fried also advised individuals to keep quiet about, she wrote. Republicans won’t be surprised—and won’t care—that yet another group is attempting to raise money for voter registration in competitive states.

However, they would be very interested in the scope of our activities, the specifics of our targeting, and the names of the groups we are proposing.

An unidentified veteran Republican fundraiser and strategist said, “This is the darkest of dark money.”

The news comes just days after federal prosecutors accused Bankman-Fried of using $100 million in stolen customer funds for political donations. While there’s no evidence that he gave money to voter registration efforts or that his mother was involved in any wrongdoing, it underscores the impact the entire family had on politics.

In 2020, Vox reported on the memo from Mind The Gap and the millions the group raised aimed to raise.

But the new report from Capital Research Center reveals how effective the memo was with Democratic mega donors. Warren Buffett’s charitable foundation, the Susan Thompson Buffett Foundation, donated $5 million to voter registration efforts while George Soros donated $10.4 million, the report adds.

So many pies, so many hands in them…

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