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Donald Sherman, deputy director at Citizens for Responsibility and Ethics in Washington stated: Candidates’ decision to donate the direct donations is little more than a public relations decision, and they could still be on the hook if the money needed to be returned. In terms of the potential legal issues, donating the money doesn’t really do anything.”
Why aren’t the funds being clawed back by the legal system to make restitution to all of the investors scammed out of their money? I think the courts will go after other recipients of the funds such as other investors who made money from SBF.
This: Brett Kappel . . . said it would be “prudent” for members of Congress who received donations from Bankman Fried or other FTX officials to set the money aside “given the high likelihood the bankruptcy receiver will be seeking their return.”
The politicians know they are holding stolen money. Yet, they turn around and give the stolen money to their pet charities, rather than sending it back to the new CEO or the bankruptcy trustee (like they should).
Seems to me that the recipients should not forward the contributions to charity but set aside in a bankruptcy fund for the folks misled by this charlatan.