Lawmakers who accepted piles of cash from onetime wunderkind Samuel Bankman-Fried now can’t move fast enough to offload their contributions from the disgraced crypto mogul to anywhere else but their own campaign coffers.
WASHINGTON — A writer’s workshop in Alaska. Food banks in California. A charity that fights diabetes.
In the Senate, Majority Whip Dick Durbin of Illinois, the No. 2 Democrat in the chamber, will donate his contribution to an “appropriate charity,” a spokeswoman said. Sen. Patty Murray, D-Wash., who will be third in line to the presidency next year, will donate her cash to a local Washington state charity.Sen. Tina Smith, D-Minn., donated Bankman-Fried’s contributions to Planned Parenthood North Central States. Sen. Alex Padilla, D-Calif., sent his cash to food banks across California. Sen.
The main campaign committees dedicated to electing congressional Democrats also received tens of thousands from Bankman-Fried, while House Majority PAC, a deep-pocketed outside group backing House Democrats, got a $6 million contribution, according to FEC records. The Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee did not return requests for comment on what the groups planned to do with Bankman-Fried's contributions.
That’s because, in bankruptcy cases, courts have often sided with those looking to recoup money that they unfairly lost. Lawmakers who gave donations from company officials to charity could still find themselves on the hook to return the money they received -- or face the perilous optics of stiffing constituents who lost investments when the company melted down.
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