Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by valleyjo on Tuesday December 13, 2022 @11:41AM
(#33971309)
Will his political donors have to give back the donations?
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Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by dragonwriter on Tuesday December 13, 2022 @11:44AM
(#33971374)
He is the donor. And, no, recipients of legal donations don’t have to give them back because they came from a bad person. (The illegal donations he seems to have admitted to might have to be given up, but that’s a separate legal issue.)
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by lesuorac on Tuesday December 13, 2022 @12:03PM
(#33971738)
Not a lawyer but it does sound like any of the donations could be considered "not legal" would be "clawbacked".
https://www.google.com/search?q=sbf+political+donations+claw...
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by dragonwriter on Tuesday December 13, 2022 @12:10PM
(#33971863)
Well, yes, bankruptcy clawbacks are another issue on top of both the criminal forfeiture discussed upthread and the campaign finance issue I raised in response.
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by 121110987654321 on Tuesday December 13, 2022 @01:07PM
(#33973067)
"The illegal donations he seems to have admitted to..."
Source?
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by dragonwriter on Tuesday December 13, 2022 @04:03PM
(#33975742)
Here’s discussion of the complaint based on his admission:
https://www.cnbc.com/2022/12/08/ftx-ceo-sam-bankman-fried-hi...
Count eight of the indictment also seems related, but its not a “speaking” indictment, so its not super clear.
Re:SEC Charges Samuel Bankman-Fried with Defrauding Investor...
by arcticbull on Tuesday December 13, 2022 @03:44PM
(#33975468)
He’s done a lot of ill advised Spaces, I’m sure it’s in one of those.