The lawsuit against FTX founder and crypto scammer Sam Bankman-Fried’s parents, Allen Joseph Bankman and Barbara Fried reveal a massive dark money network that saw FTX siphon billions of scammed dollars to DNC-CCP organizations and PACs, and his parents might have been the ones pushing it the whole time.
From Yahoo Finance: Sam Bankman-Fried’s mom encouraged him to donate millions to politicans — including to a PAC she chaired — via other FTX executives, according to a lawsuit seen by Insider.
Lawyers handling the crypto exchange’s bankruptcy case are suing Bankman-Fried’s parents, Joe Bankman and Barbara Fried, accusing them of siphoning millions of dollars from company funds.
That includes a $10 million gift which lawyers say has been used for Bankman-Fried’s legal defense, and a $16.4 million beachfront house in the Bahamas. FTX’s lawyers are hoping to recoup that money to help pay back customers.
The father, Allan Jospeh Bankman, allegedly had communications with his son that indicated he had access to Arabella funds, these are funds the family created that did not have to discplose their donors. Through these funds, the family sent billions to DNC-CCP interests, funding them, essentially with stolen money from the FTX crypto scam.
From the Free Beacon: The FTX lawsuit alleges that Allan Joseph Bankman and his wife, Barbara Fried—both Stanford Law professors and major Democratic donors—played a direct role in FTX’s downfall through breaches of fiduciary duties, fraudulent transfers, and unjust enrichment. The lawsuit cited Bankman’s discussions of his son’s partnership with Arabella as proof he had “unfettered access” to FTX’s finances.
“It’s alarming to learn the extent to which Sam Bankman-Fried and his family are clearly tangled in the Left’s dark money web,” Americans for Public Trust executive director Caitlin Sutherland said. “It should raise serious questions and scrutiny about SBF’s Washington pay-to-play scheme and how he tried to use the Arabella apparatus to further his ill-gotten influence.”
Both of SBF’s parents have deep ties to what might be called the Deep State well before SBF rose to power with FTX. It is looking more and more like the parents were the real masterminds behind the whole affair, using their son as the frontman in a dark money laundering scheme intended to deliver to the DNC-CCP billions of dollars that were used to win elections and shake down businesses that didn’t allow DNC-CCP organizations to inject monitors into their businesses to assure their compliance with the party line.
This is why, this writer theorizes, the DOJ, run by Lawfare Assassin-in-Chief Merrick Garland, mysteriously dropped all campaign finance charges against SBF, to keep this information out of the spotlight, to protect the DNC-CCP from the truth of the nature of much of its real power, dark money, whose sources are theft and foreign powers buying agents willing to sacrifice the republic for their personal, family gains.
More from the Free Beacon Arabella claims it only provides back-office administrative support to New Venture Fund and the other nonprofit funds in its network. But documents obtained by the Free Beacon show Arabella wields centralized control over the funds, which hauled in a combined $3.3 billion in 2020 and 2021 and used those resources to operate hundreds of Democratic projects across the country. Each of those projects is managed by a team of Arabella employees, including an account manager and a managing director.
Sam Bankman-Fried was a major force in Democratic circles prior to his downfall in November. He was the second-largest individual political donor in the 2022 election cycle and has donated more than $40 million to Democratic candidates and political committees. Bankman-Fried gave $5 million to President Joe Biden’s primary Super PAC, Future Forward, in 2020, and the disgraced financier also gave $300,000 to Democrats on the House Financial Services Committee, which oversaw his industry.
In return, Bankman-Fried was granted unfettered access to powerful Democrats. The disgraced crypto kingpin visited Biden’s top adviser, Steve Ricchetti, and other officials across four visits to the White House in 2022 as he waged an aggressive lobbying campaign in Washington, D.C., for cryptocurrency regulation. Prior to FTX’s collapse, Bankman-Fried’s competitors alleged he was trying to use his government connections to regulate his competition out of the market.
2 thoughts on “Lawsuit Against SBF’s Parents Exposes DNC Dark Money Machine Worth Billions”