Fox Business Channel’s On “America’s Newsroom,” Charles Payne slammed FTX millionaire Sam Bankman-Fried’s deep connections to Democrats.
Fried was reputedly the second-largest donor to Democratic politicians in recent years, donating millions to a variety of Democratic candidates.
In May, he had claimed that he was considering contributing up to $1 billion to Democrats in upcoming election cycles.
Following the failure of his firm, the value of Bankman-Fried’s assets nosedived from $16 billion to almost nothing.
The collapse was caused by an unprecedented liquidity issue at his cryptocurrency exchange, FTX.
Bankman-Fried and his firm have now officially declared bankruptcy under Chapter 11.
“It was designed from the very beginning to be convoluted, a maze. An absolute maze where there are these things called backdoors and they’re siphoning off billions and billions and billions of dollars, they’re funding this, they’re funding that. They’re living a great life.” Payne said angrily.
Payne then went on to state that he believed that the numerous Democrats who benefited financially from their ties with Bankman-Fried will soon be forced be refund the money they received from him as it was acquired through what amounted in reality to massive fraud.