Indiana Democratic Party to give FTX CEO’s donation to charity
INDIANAPOLIS (WISH) — The Indiana Democratic Party will give a donation from embattled FTX CEO Sam Bankman-Fried to charity.
An I-Team 8 review of documents with the Federal Election Commission found Bankman-Fried donated $9,756.20 to the Indiana Democratic Congressional Victory Committee on Aug. 31.
Bankman-Fried made donations of the same amount to 10 other state-level Democratic groups on the same date.
Federal prosecutors charged Bankman-Fried with a host of crimes surrounding the collapse of FTX, a cryptocurrency exchange.
Investigators say he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company’s multibillion-dollar collapse.
On Tuesday, prosecutors also accused Bankman-Fried of making “tens of millions of dollars” of illegal campaign contributions.
A spokesperson for the Indiana Democratic Party told I-Team 8 that the party will donate the money to charity.