NewsThe FTX founder has met with White House advisers at least four...

    The FTX founder has met with White House advisers at least four times this year.

    Counsel to the President Steve Ricchetti and Deputy Chief of Staff Bruce Reed held meetings with Sam Bankman-Fried.

    Before he was arrested for alleged tax crimes, the founder of crypto exchange FTX, Sam Bankman-Fried, met with two senior US officials on at least four occasions this year, Bloomberg reported on Friday.

    According to the White House visitor log, Bankman-Fried had three meetings with Steve Richettiwho currently works as adviser to president joe biden. The last time Bankman-Fried and Ricchetti met was on September 8.

    FTX founder and other executives received billions of dollars in secret loans

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    On the other hand, it is also mentioned that the cryptocurrency magnate and his brother, Gabriel Bankman-Fried, held a meeting on May 13 with Biden-Harris Administration Deputy Chief of Staff Bruce Reed.

    An anonymous White House official said that the Bankman-Fried brothers’ meetings discussed issues related to the crypto industry and digital currency exchange platforms, as well as the company Guarding Against Pandemics, which advocates for public investment. to prevent a possible pandemic.

    According to the New York Post, Sam Bankman-Fried became one of the largest donors to the Democratic Party before FTX bankruptcy. According to Federal Election Commission records, in October 2020, Bankman-Fried donated around $50,000 to the Joe Biden Fund fundraising committee, as well as another $2,800 directly to the Biden campaign.

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    On December 13, the White House spokeswoman, Karine Jean-Pierre, refused to comment on whether the US president would return the “political contributions” that Bankman-Fried made for his campaign.

    A federal judge in New York ruled Thursday that Sam Bankman-Fried would be released on $250 million in bail, pending trial on fraud and other charges.

    Source: RT

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