Usually, when a person defrauds investors of millions of dollars and launders the money into a personal favorite project, they go to jail. (See: Bernie Madoff.) But in the case of FTX founder Sam Bankman-Fried, you get gloves for kids.
It was clear that the corporate media decided to treat SBF differently from the beginning. When FTX first collapsed, The New York Times characterized SBF’s downfall as pure mismanagement. SBF was described as a ‘philanthropist’, but the words ‘fraud’, ‘crime’ and ‘stolen’ do not appear anywhere in the article.
Later, in a Wednesday television interview with New York Times columnist Andrew Ross Sorkin, SBF was hit with a softball and received treatment. circle of applauseHis bio on the event program reads, “A 29-year-old American investor, entrepreneur, and philanthropist,” who said that $8 billion in other people’s money seemed to disappear under his watch. No facts were mentioned.
George Stephanopoulos’ “Exclusive” One-to-One “Good Morning America” interview Using SBF felt like a slap in the head. had a hard time How to answer the question whether he stole FTX customer deposits. yes.)
SBF is being treated with child gloves by corporate media outlets. House Democrats— Surprise no one: The cryptocurrency exchange CEO was the second largest individual donor to the Democratic Party during the 2022 midterm elections.
SBF’s mother, Barbara Freed, is a Stanford University professor and Democratic activist dedicated to funneling millions of dollars into her party’s voting campaign through left-wing super PAC Mind the Gap. doing. A former FTX employee at SBF, his Nishad Singh was Mind the Gap’s top donor in the 2022 election cycle. And his SBF brother, Gabe Bankman-Fried, is also heavily involved in a (also left-leaning) political nonprofit (funded with FTX cash).
Simply put, the Bankman-Frieds are heavily involved in Democratic politics, including the press, and such connections have strings attached when donations are involved. There is no way the Democrats will allow her one of the biggest donors, or her one of the biggest party supporters, to jail.
Victoria Marshall is a staff writer for The Federalist. Her writing has been featured in the New York Post, National Review, and Town Hall. She graduated from her college in Hillsdale in May 2021 with her major in politics and minor in journalism. Follow her on her Twitter @vemrshall.