09/24/2023 / By Ethan Huff
Another lawsuit was just filed against the family of Sam Bankman-Fried (SBF), the criminal founder of the now-collapsed FTX financial Ponzi scheme, over allegations that they dumped tons of stolen investor cash into Democrat dark money scams and “illegal” election schemes.
The parents of SBF, father Allan Joseph Bankman and Barbara Fried, are accused of fraudulently transferring and misappropriating investor funds as part of the FTX bankruptcy proceedings. Plaintiffs are seeking $26 million as part of their recovery.
According to the suit, Bankman and Fried diverted millions of FTX’s funds to their various “pet causes.” Bankman is also accused of assisting FTX in “navigating tax issues” while he “considered having funds made available by Sam through Arabella,” which is one of the biggest dark money advisory groups in the United States.
“This meant that Bankman had unfettered access to the FTX Group’s financials and corporate structure – two things that would have alerted him that money was moving between and among the FTX Exchanges, FTX Insiders, and other legal entities,” the filing reads.
(Related: Check out our earlier coverage about the $1 billion in stolen funds that SBF funneled into Democrat dark money schemes – “Where did it go?” Elon Musk wants to know.)
Page 19 of the suit discloses Bankman’s advising position at Arabella Advisors, which oversees major left-wing “non-profit” organizations. Arabella also sponsors various tax-exempt corporations, which conservatives are calling a “dark money” arrangement.
The complaint further mentions the “New Venture Fund,” which “offered a platform through which FTX.US and its donors could contribute to particular charitable causes.” This entity was likewise used for dark money ventures that were “fraudulently transferred and misappropriated,” the suit alleges.
In their defense, the lawyers for Bankman and Fried are trying to accuse the plaintiffs of making “a dangerous attempt to intimidate Joe and Barbara and undermine the jury process just days before their child’s trial begins.”
The New York Post also ran a story revealing that Fried sent a document back in late 2019 urging Democrats to contribute money to a 501(c)(3) organization known as The Voter Registration Project or Everybody Votes, citing a study from a right-leaning political research group.
The document Fried sent is problematic, according to Parker Thayer, because its author and associated charities and foundations are prohibited from supporting a political party, in effect or in design, because their donation disclosures are not produced until many years after the money has already changed hands.
Fried was proud of her work because she claimed at the time that it “managed to stay out of the news and as far as we know out of Republicans’ sight-lines.” Fried apparently never learned that your sins eventually find you out, and boy have Bankman and Fried’s taken center stage – as have those of their criminal son.
After reviewing all the evidence, a veteran Republican fundraiser and strategist who chose to remain anonymous said that “this is the darkest of dark money.” In other words, the Bankman and Fried family has been up to no good, and ranks among the worst of the worst financial and political criminals.
Fried is also accused of helping to craft a strategic memo to guide the Democrat Party’s 2020 election strategy, which was actually an illegal election theft strategy, as we all now know.
“The 2020 presidential election witnessed an unprecedented and underreported influx of money from nonprofits,” the aforementioned veteran Republican fundraiser and strategist further commented about the matter.
The corrupt, Ponzi scheme U.S. financial system is about to come to an end – much sooner, perhaps, than you even think. Learn more at Collapse.news.
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Allan Joseph Bankman, Barbara Fried, cheaters, Collapse, conspiracy, corruption, crypto, dark money, deception, democrat, democrats, election, elections, finance, fraud, FTX, illegal, left cult, market, money, money laundering, rigged, risk, Sam Bankman-Fried, scams, stock market
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