Sam Bankman-Fried reportedly held 4 meetings with members of President Joe Biden‘s cabinet in 2022 before his FTX empire collapsed, leading to his arrest on federal fraud charges.
The disgraced “Crypto King,” who is at the center of one of the largest financial frauds in U.S. history, sat down with senior White House advisor Steve Ricchetti on September 8, according to a new report by Bloomberg.
Sam allegedly had 2 follow-up meetings with Ricchetti on April 22 and May 12. He also reportedly met with Biden’s deputy chief of staff, Bruce Reed. It’s not clear what was discussed in any of the get-togethers.
As we reported … Bankman-Fried was arrested in the Bahamas on Dec. 12. He was federally charged in New York with eight counts of wire fraud, securities fraud, money laundering and a campaign finance violation. He faces up to 115 years in prison if convicted.
The Bloomberg report is but another example of Bankman-Fried’s deep ties with the Washington D.C. establishment before Sam was accused of stealing $1.8 billion from investors in his cryptocurrency scheme. And it’s no secret that Sam has donated millions to the campaigns of prominent politicians, including Biden.
But the White House has declined to say whether Biden will return the $5.2 million he received from the FTX founder for his 2020 presidential run.