Democratic members of the DNC, DCCC and Congressman Hakeem Jeffries have been contacted by the SBF prosecutor for information to support his ongoing investigation.
Prosecutors investigating former FTX CEO Sam Bankman-Fried (SBF) have reportedly contacted prominent members of the Democratic Party, demanding information about the businessman’s political contributions.
According to a New York Times report, Democratic members of the United States Democratic National Committee (DNC), the Democratic Congressional Campaign Committee (DCCC) and Congressman Hakeem Jeffries were contacted by the SBF prosecutor to obtain information to support its ongoing investigation.
The United States Attorney’s Office for the Southern District of New York sent an email to Democratic Party Elections Attorney Marc Elias requesting details of SBF’s donations. Similar emails were sent to other members of the Democratic and Republican parties.
The Royal Bahamas Police arrested SBF on December 12 based on a request from the US government, just a day before the accused was due to testify in Congress. The contractor has been charged with eight counts of financial and election fraud involving the alleged embezzlement of $1.8 billion in client funds.
The ongoing investigation into SBF’s political donations drew attention as he was the second-largest single contributor among Democrats, donating $39.8 million.
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Related: Sam Bankman-Fried seeks to overturn extradition challenge ruling: report
On Dec. 17, three prominent Democratic groups — the DNC, the Democratic Senate Campaign Committee and the DCCC — reportedly decided to return SBF-related donations totaling more than $1 million to FTX investors.
As previously reported by Cointelegraph, a DNC spokesperson confirmed the decision:
“Following allegations of possible campaign finance violations by Bankman-Fried, we are providing funds to repay the $815,000 in donations made since 2020. We will return once we receive the correct instructions through the legal process. .”
The other two committees, DSCC and DCCC, have also reportedly pledged to provide $103,000 and $250,000 respectively for reimbursement.