It is well-known that SBF was a major political donor, but allegations he violated criminal campaign finance laws were unexpected and go far beyond accusations that he used stolen customer funds to make campaign contributions, MetaLawMan writes. Opinion.
in U.S. history. But is there a time bomb ticking away in the indictment?
Damian Williams, the United States Attorney in Manhattan, provided some fascinating details about the campaign finance count in, including that SBF made illegal campaign contributions totaling in the “tens of millions of dollars.” to conceal the source of some of his campaign contributions to evade federal contribution limits. That’s illegal.First, it is telling that prosecutor Williams used the words “wealthy co-conspirators” in his press conference. Generally, it is the one who reimburses the straw donors that gets prosecuted in these kinds of cases. But the federal campaign finance laws make clear that straw donors could themselves be criminally liable as well.
Second, if the allegations are proven, it would mean that all published reports of how much SBF contributed to political campaigns in 2020, and in the 2022 midterms, are significantly understated. It has been reported that SBF made over $40 million in campaign contributions. All we know now, according to prosecutors, is that SBF’s real political contribution totals are “tens of millions of dollars” higher than what was reported in the official campaign finance filings.
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