Prosecutors investigating the former FTX CEO Sam Bankman-Fried (SBF) They have reportedly approached top members of the Democratic Party demanding information about political donations made by the businessman.
Democratic members of the United States Democratic National Committee (DNC), the Democratic Congressional Campaign Committee (DCCC) and Congressman Hakeem Jeffries were contacted by SBF prosecutors for information to help them in their ongoing investigations, according to a New York Times report.
The United States Attorney's Office for the Southern District of New York sent an email to Democratic Party election attorney Marc Elias requesting details about the donations made by SBF. Similar emails were sent to other members of the Democratic and Republican parties.
The Royal Bahamas Police arrested SBF on December 12 based on a US government request, just one day before the defendant was scheduled to testify before Congress. The businessman was accused of eight counts of financial and electoral fraudcircling around the alleged siphoning of $1.8 billion in client funds.
Ongoing investigations into SBF's political donations drew attention as he was the Second largest single donor to Democratswhich disbursed 39.8 million dollars.
Related: Sam Bankman-Fried Seeks To Reverse Decision On Extradition Challenge: Report
On December 17, three prominent Democratic groups, the DNC, the Democratic Senate Campaign Committee, and the DCCC, reportedly decided to return SBF-linked donations to FTX investorswhich together exceed one million dollars.
As Cointelegraph previously reported, a DNC spokesperson confirmed the decision:
"Given the allegations about possible campaign finance violations by Bankman-Fried, we are setting aside funds to return the $815,000 in contributions since 2020. We will return as soon as we receive proper direction in legal proceedings."
The other two committees, DSCC and DCCC, have also reportedly committed to setting aside $103,000 and $250,000 for reimbursement, respectively.
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