SBF family is suspected of illegally diverting company assets to political donations, involving an amount of up to $100 million

According to emails disclosed by the Wall Street Journal, the family of FTX founder SBF is suspected of illegally diverting company assets to political donations, involving an amount of up to $100 million. The emails show that SBF's father Joe Bankman was directly involved in financial strategies related to political donations, and his mother Barbara Fried and brother Gabriel Bankman-Fried also directed funds to progressive groups and epidemic prevention projects respectively. Former Federal Election Commission Chairman David Mason pointed out that Joe Bankman may face direct legal liability for violating campaign finance laws. In addition, former FTX executive Ryan Salame has been sentenced to 7.5 years in prison for participating in unauthorized fund transmission business and campaign finance fraud. (Cointelegraph)