The prosecutors investigating former FTX CEO Sam Bankman-Fried (SBF) have reportedly reached out to top members of the Democratic Party demanding details about the political donations made by the entrepreneur.

Democratic members from the Democratic National Committee (DNC), the Democratic Congressional Campaign Committee (DCCC) and Congressman Hakeem Jeffries have been contacted by SBF prosecutors for info to assist their ongoing investigations, in accordance to a New York Times report.

The United States lawyer’s workplace for the Southern District of New York despatched an electronic mail to the Democratic Party elections lawyer Marc Elias, asking for particulars on donations made by SBF. Similar emails have been despatched over to different members of the Democratic and Republican events.

The Royal Bahamas police arrested SBF on Dec. 12 primarily based on a request of the U.S. authorities, only a day earlier than the accused was supposed to testify earlier than Congress. The entrepreneur was charged with eight counts of economic and elections fraud, circling across the alleged siphoning of $1.8 billion in buyer funds.

The ongoing investigations round SBF’s political donations gained consideration as he was the Democrats’ second-largest particular person donor, who shelled out $39.8 million.

Related: Sam Bankman-Fried seeks to reverse determination on contesting extradition: Report

On Dec. 17, three outstanding Democratic teams — the DNC, the Democratic Senatorial Campaign Committee and the DCCC — have reportedly determined to return SBF-linked donations to FTX traders, which collectively exceed $1 million.

As beforehand reported by Cointelegraph, a DNC spokesperson confirmed the choice:

“Given the allegations around potential campaign finance violations by Bankman-Fried, we are setting aside funds in order to return the $815,000 in contributions since 2020. We will return as soon as we receive proper direction in the legal proceedings.”

The different two Committees, DSCC and DCCC, have additionally reportedly pledged to put aside $103,000 and $250,000 for reimbursement, respectively.


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