Meet the Democrats who still have FTX-linked donations

Rosen’s campaign said in February it would return a $2,900 contribution from Nishad Singh, the former head of engineering at FTX. A Manchin campaign spokeswoman told the Washington Free Beacon on June 6 that the campaign planned to return Singh’s money in the wake of his guilty plea earlier this year on fraud and campaign finance violations. He admitted to making millions of dollars of campaign donations—all to Democrats—using money stolen from customers of FTX.

Advertisement

Many Democrats have promised to return donations from Singh and FTX founder Sam Bankman-Fried, who has been charged with fraud and campaign finance violations. Some Democrats—including Sens. Jon Tester (D., Mont.) and Bob Casey (D., Pa.)—have turned Singh’s donations over to the U.S. Marshals Service, which created a fund for FTX victims. But Rosen and Manchin have yet to follow suit, according to campaign finance disclosures released on July 15.

It’s the latest example of Democrats skirting their pledges to return money from FTX executives. Failed Texas gubernatorial candidate Robert Francis “Beto” O’Rourke has kept $100,000 from Bankman-Fried, which he pledged to return last year.

[They should probably get ahead of the curve. When the feds had to unwind Bernie Madoff’s Ponzi scheme, they aggressively clawed back the profit payments to the early beneficiaries and nearly made the victims whole again. The feds will almost certainly do it again with FTX, and politicians are a lot less sympathetic in that regard than just investors who lucked out initially. — Ed]

Advertisement

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement