As authorities continue to release more information on alleged crimes by cryptocurrency exchange founder Sam Bankman-Fried and his associates, Texas politicians who received donations from FTX affiliates are scrambling to give back the money.
U.S. Rep.-elect Greg Casar, a Texas Democrat, speaks to reporters after a press conference in Washington, D.C., on Nov. 13., our daily newsletter that keeps readers up to speed on the most essential Texas news.
had returned a $1 million donation that Bankman-Fried had given his campaign. The campaign also received $100,000 from Nishad Singh, another FTX executive. The campaign has not said whether it also returned that donation.On Wednesday, U.S. Rep.-elect Greg Casar said he would give away nearly $7,000 in donations from people associated with Bankman-Fried and FTX. The Austin Democrat received $3,900 from Gabriel Bankman-Fried, the FTX CEO’s brother, and $2,900 from Singh, for a total of $6,800.
That came after federal authorities arrested Sam Bankman-Fried on Monday in the Bahamas and charged him with crimes in federal court. The complaint against Bankman-Fried also alluded to co-conspirators, which has pushed more Texas politicians to try to offload the money. On Thursday, U.S. Rep.-elect Monica De La Cruz’s campaign said she would be donating $1,000 she received from Ryan Salame, an FTX executive who donated heavily to Republican candidates. The South Texas Republican’s campaign said the money would be given to the family of Raul Gonzalez, a U.S. Border Patrol agent who died this month in an ATV crash while pursuing migrants on the border., R-San Antonio, said on Twitter he’d give away $2,900 his campaign had received from Salame.
Others who received money from Salame have said they plan to give the money away but haven’t decided where they will send it. That’s the case for U.S. Reps.
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