FTX founder Sam Bankman-Fried charged with campaign finance violations in criminal indictment


Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Thursday, Oct. 13, 2022.

Ting Shen | Bloomberg | Getty Images

Federal prosecutors on Tuesday accused FTX co-founder Sam Bankman-Fried, who gave nearly $40 million in political donations in the 2022 election cycle, with violating multiple campaign finance laws.

The indictment says Bankman-Fried and others violated numerous federal campaign finance laws, including giving contributions of at least $25,000 to campaigns and political action committees “in the names of other persons.”

The charge, which is included among multiple other criminal counts against him, comes days after a private watchdog group asked the Federal Election Commission to investigate Bankman-Fried for campaign finance violations.

The watchdog, Citizens for Responsibility and Ethics in Washington, said Bankman-Fried admitted he donated so-called dark money to Republican-aligned groups during the 2022 primary season.

The complaint by the group quotes an interview last month by Bankman-Fried. That interview suggests he donated up to $37 million or more to GOP-linked campaign efforts in a manner that avoided legally required public disclosure of those contribution, CREW alleged.


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