Democratic members of the DNC, DCCC and Congressman Hakeem Jeffries have been contacted by SBF prosecutors for information that may help them with their ongoing investigation.
Prosecutors investigating former FTX CEO Sam Bankman-Fried (SBF) have reportedly contacted senior members of the Democratic Party to demand information about the contractor’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 have been asked by SBF prosecutors for information to help their investigations.
The United States Attorney’s Office for the Southern District of New York emailed Democratic Party Election Attorney Marc Elias asking for details of donations made by SBF. 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 US government request, just a day before the defendant was due to testify before Congress. The contractor has been charged with eight counts of financial and electoral fraud, related to alleged embezzlement of $1.8 billion in customer funds.
Ongoing research into SBF’s political donations drew attention as he was the second-largest single donor to the Democrats at $39.8 million.
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See also: Sam Bankman-Fried seeks to overturn extradition challenge decision: 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 to FTX investors, totaling more than $1 million.
As previously reported by Cointelegraph, a DNC spokesman 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. judicial.”
The other two committees, DSCC and DCCC, have also reportedly pledged to provide $103,000 and $250,000 respectively for reimbursement.