Sam Bankman-Fried Met With White Home Staffers Earlier than His Fraud Arrest

Sam Bankman-Fried reportedly held 4 conferences with members of President Joe Biden‘s cupboard in 2022 earlier than his FTX empire collapsed, resulting in his arrest on federal fraud prices.

The disgraced “Crypto King,” who’s on the heart of one of many largest monetary frauds in U.S. historical past, sat down with senior White Home advisor Steve Ricchetti on September 8, based on a brand new report by Bloomberg.

Sam allegedly had 2 follow-up conferences with Ricchetti on April 22 and Could 12. He additionally reportedly met with Biden’s deputy chief of employees, Bruce Reed. It isn’t clear what was mentioned in any of the get-togethers.

As we reported … Bankman-Fried was arrested within the Bahamas on Dec. 12. He was federally charged in New York with eight counts of wire fraud, securities fraud, cash laundering and a marketing campaign finance violation. He faces as much as 115 years in jail if convicted.

The Bloomberg report is however one other instance of Bankman-Fried’s deep ties with the Washington D.C. institution earlier than Sam was accused of stealing $1.8 billion from traders in his cryptocurrency scheme. And it is no secret that Sam has donated hundreds of thousands to the campaigns of outstanding politicians, together with Biden.