Disgraced Crypto Ex-CEO Was Plotting to Spend Nearly $1 Billion Boosting Democrats, Reshaping American Politics: Report

Sam Bankman-Fried, former CEO of now-bankrupt crypto exchange FTX, had planned to become the biggest donor to the Democratic Party in 2024, a cycle in which he might have spent as much as $1 billion, according to investigative journalist Theodore Schleifer, writing for Puck News Wednesday, Nov. 23.

The erstwhile billionaire filed in April, 2022, to incorporate an umbrella organization known as The Center for the Future in Delaware, according to Schleifer, citing corporate database Open Corporates. The organization intended to tackle a variety of hot-button issues ranging from pandemic preparedness to democracy reform, the foundation of which was the first salvo in a 50-year influence campaign designed to fundamentally transform American politics, Schleifer alleges, citing sources who spoke with Bankman-Fried’s aides.

“Sam’s idea is he basically saw all the world’s biggest problems as being multi-decade, multi-century trillion-dollar problems,” an anonymous source who worked with The Center for the Future told Schleifer. “How do you solve global hunger? You can’t possibly hope to solve pandemic prevention on the timescale of one person’s lifetime. Rather than think about how to solve that in a 10 or a 20 or a 30-year career, think in terms of 50 or 100 years.”

Having spent nearly $37 million on Democratic issues in the 2022 midterm cycle, Bankman-Fried was already the second largest individual donor to Democrats behind George Soros, according to financial watchdog Open Secrets…. (Excerpt from The Daily Caller and The Epoch Times)