Local congressman to donate funds received from disgraced crypto billionaire
Congressman Salud Carbajal will donate $5,800
– New York Post reports – Dozens of lawmakers who benefited from the generosity of supposed cryptocurrency billionaire-turned-corporate villain Samuel Bankman-Fried before his FTX exchange went bust last week are keeping quiet about what they will do with the dirty funds.
Bankman-Fried, 30, spent $10 million to support President Biden’s 2020 campaign and gave at least $39.2 million more to influence the 2022 midterm elections — before his crypto empire collapsed with between $1 billion and $2 billion of client funds missing.
Ian Mariani, a spokesman for Rep. Salud Carbajal (D-Calif.), said the Democrat will be donating the $5,800 he received from Sam Bankman-Fried this year — $2,900 for his primary election campaign and $2,900 for the general election — “to a local charity.”
All other congressional recipients contacted by The Post did not describe their plans.
The White House also did not say what Biden wants to do with funds that were used to support him, nor did the Democratic National Committee. The House Majority PAC did not respond to a request for comment.