Photo Illustration by Erin O’Flynn/The Daily Beast/Getty
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When Justice Department prosecutors unsealed an indictment against FTX founder Sam Bankman-Fried on Tuesday morning, they revealed an array of serious charges against the crypto boy-king for billions of dollars in high-profile financial crimes, but the very last count opens a new mystery—an enigmatic straw donor scheme to violate federal campaign finance laws.
During a press conference unveiling the charges, U.S. Attorney Damian Williams alleged that Bankman-Fried, 30, parlayed “tens of millions of dollars” stolen from his clients into a side career as one of the most prolific political financiers in the country.