The family of FTX's founder, Sam Bankman-Fried, has ties to the Democratic Party's Washington establishment, according to an article on Fox News.
His parents, Barbara and Joseph Bankman, and brother, Gabriel, have all contributed to various Democratic candidates. They have also worked with left-wing groups that support Democrats. The four have reportedly had a subtle influence over the party's establishment for a long time.
In May, Bankman-Fried said during an interview that they were looking to make a splash in the political world. He and his brother, Gabriel, have been working together to raise money to prevent pandemics.
During the midterm elections, Sam Bankman-Fried gave almost $38 million to various political groups and individuals. A portion of the money went to a political action committee called Protect Our Future, which was established to help elect candidates who support policies aimed at preventing future pandemics.
Although the committee gave money to various groups, it mainly focused its efforts on supporting Democrats. The other group that received money from the PAC was the Everytown for Gun Safety.
Over the past several years, Bankman-Fried has contributed over $361,000 to various political campaigns and causes. In addition, he founded Guarding Against Pandemics, which is focused on supporting candidates who receive money from Protect Our Future.
A page that highlighted the work of Gabriel Bankman-Fried, as well as his role in forming Guarding Against Pandemic, was removed from the group's website recently. According to the page, he was a legislative correspondent for Congressman Sean Casten, D-IL, from 2019 to 2021. He also worked for Civis Analytics, which is a data firm that works with Democratic groups.
In recent years, Civis Analytics has been able to establish itself as a prominent data firm that works with Democratic groups. The company was founded after Eric Schmidt, who was the former CEO of Google, helped the Obama campaign in 2012. Dan Wagner, who was the chief analytics officer for the campaign, helped launch the company with Schmidt.
Schmidt provided the seed money for the company, and he helped raise millions of dollars in funding. Since then, Civis has been working on the payrolls of various prominent Democratic organizations.
According to an article by Influence Watch, Barbara Fried is the founder of Mind the Gap, which is a secretive organization that allows individuals to funnel large sums of money to Democratic candidates. It has received funding from prominent Silicon Valley donors such as Schmidt, Moskovitz, Blue, Horing, and LinkedIn's Allen Blue.