PANews reported on November 2 that according to The block, a new federal court document shows that the US government is negotiating to recover up to $13.25 million in political donations donated by former FTX executives. The document was approved by Lewis Kaplan, the judge who is responsible for hearing the criminal case of former FTX executive Sam Bankman-Fried and his subordinates. The government requested in the document that it continue to negotiate with multiple political action committees (PACs) before January 15.
The government requested more time to "discuss with PACs the forfeitability of funds these entities received from the defendants and their co-conspirators," and named several groups: Senate Majority PAC, Future Forward PAC and Future Forward USA Action. These groups are often aligned with the Democratic Party or support liberal causes.
According to OpenSecrets data, Nishad Singh, a former head of engineering at FTX, donated about $13.25 million to these groups. Nishad Singh testified that he made donations at the request of Bankman-Fried and sometimes signed blank checks for donations. Singh recently avoided jail time by being sentenced to a term of imprisonment plus three years of supervised release for testifying against his former friend and boss Bankman-Fried.
