Karine Jean Pierre Pressed on Why Sam Bankman Fried Visited The White House Four Times

Reporters questioned White House Press Secretary Karine Jean-Pierre Tuesday was all about the various meetings top Biden administration Former CEO of FTX met with officials Sam Bankman-FriedHe is facing multiple fraud and money laundering accusations.

Bankman-Fried garnered controversy after users learned that he commingled funds between cryptocurrency exchange platform FTX and sister trading firm Alameda Research, losing untold billions’ worth of assets as customers rushed to withdraw their balances. The disgraced entrepreneur’s extensive political connections came to light in the weeks after his company’s bankruptcy, including the $39 million he donated to Democrats ahead of the midterms and four meetings He was granted the White House title along with Bruce Reed and Steve Richetti, who are both top White House officials.

Jean-Pierre was questioned A reporter asked questions about the meetings. “any sort of summary of what has been discussed” During a Tuesday press briefing. She replied that officials were discussed “pandemic prevention” And “general information on the cryptocurrency industry” With the former executive, he added that the administration supported new regulations regarding digital assets.

“The White House regularly engages with officials from a range of industries and sectors, including leaders in business and labor and nonprofits,” Jean-Pierre remarked.

Bankman Fried was the second largest donor to the campaign that successfully placed President Joe Biden into the White House. Jean-Pierre was questioned by reporters last month about whether the administration thinks Democratic organizations should be. return the funds Donated by Bankman-Fried. She declined to answer the question, invoking Hatch Act which restricts federal employees from participating in certain political or campaign activities.

“That is still the case,” Jean-Pierre stated Tuesday that he was aware of the issue when Jean-Pierre was pressed. “I don’t have anything to share or any change of my comments that I’ve made before on this.”

Gabriel Bankman Fried, the younger brother to Bankman Fried and head of Guarding Against Pandemics received a rendezvous and also attended one of the meetings. Joseph Bankman and Barbara Fried, the brothers’ parents, are well-connected Within Democratic circles.

Senate Majority PAC was created to elect Democrats into the upper chamber of Congress. announced Bankman-Fried and Nishad Sing, who were the head of engineering at FTX, have plans to return $3 Million. As bankruptcy lawyers attempt to recoup funds for customers and investors, the Democratic National Committee as well as the Democratic Senatorial Campaign Committee (DSC) and the Democratic Congressional Campaign Committee made similar commitments.

Among the beneficiaries of Bankman-Fried’s donations were House Democrat Leader Hakeem Jeffries (D-NY), Sen. Cory Booker (D-NJ), Sen. Joe Manchin (D-WV), Sen. Debbie Stabenow (D-MI), Sen. Dick Durbin (D-IL), and Sen. Patty Murray (D-WA).

Bankman-Fried was convicted not guilty Eight charges including conspiracy to commit wire fraud and conspiracy to perpetrate securities fraud were filed Tuesday. Mark Cohen, a Bankman-Fried lawyer who was formerly defended Jeffrey Epstein confidant Ghislaine Maxwell, successfully requested that U.S. District Judge Lewis Kaplan permit the sealing of the names and addresses of two individuals who secured Bankman-Fried’s $250 million bond due to attention drawn to the case, which has dominated headlines for more than two months.

*As an Amazon Associate I earn from qualifying purchases