from Great Game India:
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.
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.
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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.
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?! HTTPS://T.CO/JJT0VY551Q — 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.”
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