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HomenewsIf Oregon Democrats Accept Ftx Money From Fagan, He Will Issue a...

If Oregon Democrats Accept Ftx Money From Fagan, He Will Issue a Fine

Nishad Singh, the former director of engineering at FTX, the now-bankrupt cryptocurrency exchange run by Sam Bankman-Fried, donated $500,000 to the Democratic Party of Oregon, but the party has refused to comment on what it plans to do with the money for more than a month.

The U.S. Department of Justice claims, among other things, that Bankman-Fried illegally donated millions of dollars from FTX client accounts in the identities of other people.

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“No changes or comments at this time,” Brad Martin, executive director of the DPO, said in an email.

The DPO had enough money in its account up until very recently to refund the donation in full.
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In the present tense, $333,000 may be seen in the account, as documented by official state documents.

In November, Oregon Secretary of State Shemia Fagan initiated a request for information regarding the contribution.

Fagan’s office is analyzing the DPO’s response, which was received on December 20th, according to spokesperson Ben Morris. This reply is currently being kept secret.
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Morris claims that Fagan intends to penalize the state party for changing the record of a contribution made on October 4 after the deadline.

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The DPO waited until October 31 to disclose that the funds originated from Singh rather than a Las Vegas firm called Prime Trust that deals in cryptocurrencies.

The DOJ claims that Bankman-Fried, who is currently under house detention in Palo Alto, California at the home of his professor’s parents, made the donation.

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