Syndicated with permission via Valiant News| Tom Pappert|
African-American billionaire Elon Musk has weighed in on rumors that a cryptocurrency company that filed for chapter 11 bankruptcy was in bed with the Democrats.
The company, FTX, is currently going bankrupt and its founder, Sam Bankman-Fried, has reportedly fled the United States to the Caribbean as federal prosecutors consider charges.
Since the bankruptcy was revealed, it’s been alleged that Ukraine was a public investor in FTX, and it has been suggested that Volodymyr Zelensky’s government used taxpayer money from the United States to make these investments.
In turn, it is claimed, FTX used the money to invest heavily in the Democratic Party’s efforts during the 2022 midterm elections. Many note the curious timing of FTX’s implosion and Bankman-Fried’s departure from the United States, specifically, just a few days after the midterm elections.
Bankman-Fried spent over $40 million on the Democrats in 2022, and became the party’s second largest donor behind George Soros.
Now, Musk is weighing in on the issue after a popular cryptocurrency and NFT pundit Tara Bull raised the question, “Was FTX being used to launder money for the democratic party?” Bull noted that the World Economic Forum sponsored FTX on their website, “which has now been removed.”
Musk interjected, “A question worth asking.”
A question worth asking
— Elon Musk (@elonmusk) November 14, 2022
This is not the first time Musk has commented on Bankman-Fried, as previously he participated in a threat where users were shocked to discover the former crpyto wunderkind was allegedly playing League of Legends.
“Wtf he just played a league game,” wrote one popular Twitter user while posting a photo that seems to show Bankman-Fried’s performance on the video game.
🤣🤣🔥🔥🪦🪦
— Elon Musk (@elonmusk) November 14, 2022
As of this morning, it is being reported that federal prosecutors are eyeing Bankman-Fried despite the company’s offshore status in the Bahamas.
Regardless, the Wall Street Journal reports that the Manhattan U.S. attorney’s office “is investigating FTX’s collapse” and Bankman-Fried’s role in the company.
Prosecutors would need to prove beyond reasonable doubt that Bankman-Fried intentionally sought to mislead investors, which the publication notes can be a high bar to reach.
You must be logged in to post a comment Login