SBF Claims Biden Administration Targeted Him for Political Donations: Critics Unswayed

Sam Bankman-Fried, the disgraced FTX founder now serving a 25-year sentence for defrauding billions from prospects, has reignited controversy by framing his 2022 arrest as politically motivated.

In a current GETTR submit, reportedly shared by way of a pal, SBF claimed that his shift from center-left to centrist political opinions and subsequent massive donations to Republican causes triggered focused motion from the Biden administration.

SBF’s New Conspiracy

According to him, the Securities and Exchange Commission (SEC) beneath Chair Gary Gensler and the Justice Department moved shortly to arrest him simply weeks earlier than an essential crypto invoice vote and on the eve of his scheduled congressional testimony.

House Republicans on the time reportedly questioned the timing and had instructed that the arrest was strategically geared toward silencing him. They additionally requested inside communications from Gensler that allegedly “conveniently” went lacking. The SEC’s Office of Inspector General later defined {that a} poorly understood automated IT coverage had wiped Gensler’s government-issued machine, which ended up erasing textual content messages between October 2022 and September 2023.

Despite his conviction on a number of fraud and conspiracy counts in November 2023, SBF and his household preserve that he was wrongly prosecuted. His dad and mom, Joseph Bankman and Barbara Fried, had been reported to be exploring avenues for a presidential pardon from Donald Trump, who had beforehand pardoned Ross Ulbricht of Silk Road.

In interviews following his sentencing, SBF has persistently distanced himself from left-leaning politics whereas expressing help for Trump, even granting a jail interview with conservative commentator Tucker Carlson, which prompted his disaster supervisor to resign. He has overtly rejected the notion of guilt for himself and co-defendants, and described the convictions as unfair and politically influenced.

Overfunded Lobby Effort Behind the Spin

Observers and critics, nonetheless, remain extremely skeptical of those claims. Many view this narrative as a well-funded lobbying effort designed to recast SBF as a sufferer of partisan politics slightly than the architect of one of many largest monetary collapses in crypto historical past.

Far-right activist and staunch Trump supporter Laura Loomer warned that the continued media push will proceed to color him as unfairly focused by the Biden administration, regardless of overwhelming proof of wrongdoing.

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