Sam Bankman-Fried and cryptocurrency company FTX have been all over the news the past year Bankman-Fried has been accused of running a sophisticated Ponzi scheme that artificially increased the value of his company FTX and his net worth to billions.
That was until the entire fraudulent scheme collapsed and now the company has filed for bankrupcy and the left-wing activist is worth nothing. And he’s facing criminal charges.
But Bankman-Fried funnelled hundreds of millions of dollars to Democrats, liberal organziations and pro-abortion groups before everything came crashing down. That’s the part most people know. But what they may not realize is that Bankman-Fried and his FTX buddies funded the pro-abortion campaigns that left multiple states with abortion on demand.
And the story gets worse accoring to a new report in the Washington Free Beacon.
The pro-abortion group run by new California senator Laphonza Butler pledged to return millions of dollars from disgraced cryptocurrency kingpin, but instead it has sent millions to Big Abortion.
Women Vote, the campaign arm of Emily’s List, received $2.25 million from former FTX executive Nishad Singh, who has admitted to making fraudulent political donations on behalf of Bankman-Fried. The group, which Butler led until this month, said earlier this year it is cooperating with federal authorities to return the money. But it has not made any refunds of FTX donations or payments to the Justice Department, a Washington Free Beacon review found.
It’s not that Women Vote lacks the funds to pay Bankman-Fried’s victims. It doled out $1.575 million to Emily’s List this year to back female candidates who support abortion rights. Women Vote, which Emily’s List launched in 1995, has received nearly $2.3 million in contributions this year, and has $423,995 in the bank, according to Federal Election Commission disclosures released this week. The group also gave $50,000 to America Votes Action Fund, which seeks to mobilize liberal voters.
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Women Vote’s failure to surrender the FTX cash could raise questions for Butler, who is undecided on whether to run for a full-term next year. It is unclear whether Butler was aware of Singh’s contributions, or the discussions about how to handle his contributions. Butler served as president of Emily’s List from 2021 until California Gov. Gavin Newsom (D.) appointed her to the Senate earlier this month. Her office did not respond to a request for comment.
The FTX transactions played a major role in pro-life losses.
In Michigan, backers of Proposition 3 raised $60 million — easily outpacing the $17 million pro-life advocates cobbled together to protect babies from the measure that will allow abortions on demand up to birth in the state.
A closer look at the contribution records shows most of the funding for Proposition 3 came from out of state and 12 individuals contributed $1 million or more — for a total of $31 million. They virtually all hail from New York and Michigan. That list includes George Soros, the largest individual donor to Proposition 3.
But it also includes 26-year-old FTX cryptocurrency exchange engineer, Nishad Singh. Before the company imploded, Singh, a former Facebook executive who currently lives in the Bahamas, contributed $4 million to the pro-abortion proposition 3 campaign.
