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Bankman-Fried Allegedly Mulled Paying Trump $5B Not to Run in 2024

Claims have emerged that Sam Bankman-Fried — founder of the bankrupt FTX cryptocurrency exchange — wanted to pay former US Pres. Donald Trump $5B not to run for office in 2024....

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by Improve the News Foundation
Bankman-Fried Allegedly Mulled Paying Trump $5B Not to Run in 2024
Image credit: Cointelegraph [via Wikimedia Commons]

Facts

  • Claims have emerged that Sam Bankman-Fried — founder of the bankrupt FTX cryptocurrency exchange — wanted to pay former US Pres. Donald Trump $5B not to run for office in 2024.1
  • According to biographer Michael Lewis, Bankman-Fried considered the legality of paying Trump to forgo his campaign and even reached out to the former president's campaign team, though he never heard from Trump himself.2
  • Lewis, who is currently writing a biography on Bankman-Fried titled 'Going Infinite: The Rise and Fall of a New Tycoon,' reportedly met with him more than 100 times over two years.3
  • Furthermore, Lewis claims that the former crypto tycoon was planning to give Republican Senator Mitch McConnell up to $30M to defeat pro-Trump candidates in Senate races.4
  • Before the collapse of FTX last November, Bankman-Fried was the second-largest donor to the Democratic Party. Prosecutors allege he used $100B in stolen customer funds to donate to political activities.5
  • Bankman-Fried, whose trial is set to begin on Oct. 4, has pleaded not guilty to seven counts of fraud and conspiracy. He could face a sentence of up to 110 years in prison if convicted.5

Sources: 1Forbes, 2Business Insider, 3CNBC, 4Reuters and 5New York Post.

Narratives

  • Pro-Trump narrative, as provided by Geller report. Before being exposed as one of this generation's most unscrupulous frauds, Sam Bankman-Fried was one of the Democratic Party's largest donors and we now know he even considered donating to Republicans to stop Donald Trump and his America First agenda. The wealthy and powerful tried to bribe him and then went after him with sham indictments — no matter how you slice it, the establishment wants Trump out of the way.
  • Anti-Trump narrative, as provided by Vanity fair. Sam Bankman-Fried ironically tried to put stolen money to good use by trying to bribe Trump from running for president again. Trump has proven extremely selfish and materialistic, so there's little doubt that he would have accepted a deal if a legitimate offer materialized. Unfortunately, FTX collapsed, and America is stuck with Trump's constant meddling in politics for the time being.

Predictions

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by Improve the News Foundation

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