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[SERIOUS]SBF's mother Barbara Fried received a $1 Million 'donation' from FTX likely using customer funds

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by COINS NEWS 91 Views

[SERIOUS]SBF's mother Barbara Fried received a $1 Million 'donation' from FTX likely using customer funds

SBF's mother Barbara Fried is one of the three founders of the organization Mind the Gap, a super PAC(political action committee). Firstly, this organization donates millions to political candidates. The group operates very secretively, with little public information available. What we do know if they they have responsible for giving millions to politicians. Specifically in 2020, they offered a statistically tool to mathematically determine the effect of each dollar spent on the likelihood of each political side winning or losing the House of Representatives, resulting in them raising $20M.

As wild as all that might seem, it is pretty tame compared to actual clear-cut corruption. Alameda Research borrowed(essentially stole) user assets from FTX, allegedly posting basically worthless FTT as collateral. These 'borrowed' funds were then used to further give loans to FTX execs. In particular, a loan of $543 million to FTX Director of Engineering Nishad Singh. And it was this same Singh individual who 'donated' $1 Million to the Mind the Gap super PAC owned/founded by SBF mother Barbara Fried.

Mind The Gap Top Donor for 2021-22 Cycle

Obviously, SBF owns FTX. In essence, FTX customer funds were taken and given right back to SBF(through his mother). Talk about keeping it in the family.

https://www.influencewatch.org/political-party/mind-the-gap/

https://www.opensecrets.org/political-action-committees-pacs/mind-the-gap/C00683649/donors/2022

https://www.coindesk.com/business/2022/11/17/ftx-affiliate-alameda-loaned-41b-to-related-parties-including-1b-to-sam-bankman-fried/

submitted by /u/OneThatNoseOne
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