Returning only 2.2% of the funds back to the bankrupt estate could be seen as a political calculation rather than a moral one. PoliticalDonations Democrats
for the $45.2 million given to Democratic candidates, political action committees, and Biden to be returned to the company so it can pay back creditors. Three major Democratic organizations plan to return $1 million of the funds, which represents approximately 2.2% of SBF’s total $45.2 million contribution.
The Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee will$353,000, according to various news publications. The DNC also plans to return $815,000 to the bankrupt FTX estate. “Given the allegations of potential campaign finance violations by Bankman-Fried, we are setting aside funds in order to return the $815,000 in contributions since 2020,” a DNC spokespersonReturning $1 million or 2.2% of the funds back to the bankrupt estate still leaves $44.
Moreover, returning only 2.2% of the funds back to the bankrupt estate could be seen as a political calculation rather than a moral one. It’s unclear whether the FTX debtors will be satisfied with receiving just 2.2% of the funds or if they will seek to reclaim a greater portion of the political donations made by Bankman-Fried.
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