COMMENTARY_ Biden skirts messy criminal trials as presidency winds down

THE WASHINGTON TIMES

Biden skirts messy criminal trials as presidency winds down

Hunter's legal troubles will continue unless dad pardons him

Biden ducking criminal trials illustration by Linas Garsys / The Washington Times more >

COMMENTARY

By Rowan Scarborough - The Washington Times - Wednesday, July 24, 2024

OPINION:


President Biden has six months before he leaves office, and one of his legacies is that he was able to avoid involvement in prominent criminal trials involving his son and a big donor.

Take the prosecution of one of the biggest American fraudsters in history. Sam Bankman-Fried was a top-10 donor to Mr. Biden in 2020, shoveling over $11 million to aligned super PACs (political action committees). The assumption is that the $11 million — tapped from his crypto-money exchange FTX and his Alameda Research hedge fund — was stolen from investors, all or in part.

The Department of Justice charged Bankman-Fried with fraud and money laundering. Tucked inside the indictment sat one count of making unlawful political contributions and defrauding the Federal Election Commission, which oversees the campaign donation industry.

The indictment says Bankman-Fried conspired to make contributions directly to campaigns in the names of others.

To prove this count, the U.S. attorney in New York would have to call witnesses to testify about how Bankman-Fried money ended up with shadow donors. The testimony would surely spur national news and commentary on how Bankman-Fried, a historic fraudster, was one of the largest donors to the Biden campaign, on the same top-10 list as Michael Bloomberg (Bloomberg LP) and George Soros (Democracy PAC), according to the research group OpenSecrets.

The testimony, however, never happened.

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READ MORE: https://www.washingtontimes.com/news/2024/jul/24/biden-skirts-messy-criminal-trials-as-presidency-w/

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