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HOW SAM BANKMAN-FRIED’S TIES WITH THE CLINTONS HELPED HIM DUPE INVESTORS

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Back to Reading
Published Jan. 19, 2023
Updated Jan. 23, 2023, 3:28 a.m. ET
Bill Ackman's wife, former MIT professor Neri Oxman, admits to plagiarizing in
doctoral dissertation




MORE ON: SAM BANKMAN-FRIED


 * HAMAS-IFICATION OF THE RED CROSS, ANOTHER DOJ COVERUP FOR DEMS AND OTHER
   COMMENTARY


 * DOJ ACCUSED OF COVERING FOR ‘DEEP STATE’ BY NOT HOLDING SECOND SBF TRIAL ON
   ILLEGAL POLITICAL DONATIONS: ‘DISGRACE’


 * SAM BANKMAN-FRIED WON’T FACE SECOND TRIAL AFTER FRAUD CONVICTION: PROSECUTORS


 * DE NIRO, SANTOS, TRUMP TAKE THE STAGE IN NY’S MOST DRAMATIC COURT MOMENTS OF
   2023

Sam Bankman-Fried cultivated ties with A-list celebrities, politicians and
investors alike — but one power couple in particular was key to boosting his
profile in influential and moneyed circles.

Bill Clinton was paid north of $250,000 when he spoke at the disgraced FTX CEO’s
Crypto Bahamas Conference in April, sources told The Post. At the over-the-top
tropical shindig, the ex-US president along with former UK Prime Minister Tony
Blair were famously photographed onstage next to Bankman-Fried, who appeared
wearing shorts and a T-shirt.

Shortly thereafter, Bill and Hillary Clinton invited the 30-year-old
Bankman-Fried — known as “SBF” in crypto circles — to speak at their annual
Clinton Global Initiative in New York — an effective endorsement of the former
FTX CEO that played a pivotal role in elevating his reputation among politicians
and deep-pocketed investors alike, insiders told The Post.

On the Clinton Foundation website, Bankman-Fried’s headshot is placed alongside
the likes of Matt Damon, Gavin Newson, Melinda French Gates and Larry Fink as a
speaker at the September shindig. He’s also mentioned as a speaker in an article
on the site leading up to the event.

5
Bill Clinton received hundreds of thousands of dollars to speak at Sam
Bankman-Fried’s conference. Getty Images

Over the past year, Bankman-Fried — who lived full-time in the Bahamas before
being extradited to the United States in December — mostly spoke at conferences
virtually.

Asked for a comment about the event, a spokesperson for the Clintons replied,
“SBF was never on stage at CGI — in person or virtually.”

People close to the Clintons say the power couple’s relationship with the
scruffy 30-year-old cryptocurrency executive follows a familiar script: buzzy
business leaders gain credibility by latching on to the Clintons — and in
return, the Clintons get a check.

“The Clintons’ involvement gave SBF some air cover,” one former confidante told
The Post.

5
Sam Bankman-Fried was listed as a speaker at the Clinton Global Initiative in
September.

For those who bought into FTX, it has been a painful ride, with the top 50 of
the bankrupt firm’s 1 million creditors owed $3.1 billion, according to court
papers. This week, FTX’s new management said it aims to recoup tens of millions
of dollars in political donations that Bankman-Fried and other FTX executives
had made.

In response, many beneficiaries of Bankman-Fried’s money have handed everything
back. Political action committees like the Democrats’ Senate Majority PAC vowed
to return millions. Beto O’Rourke’s Texas gubernatorial campaign returned $1
million, while Sen. Dick Durbin (D-Ill) and incoming house minority leader
Hakeem Jeffries (D-NY) gave their FTX donations to charity.

The Clintons, on the other hand, have remained silent. Legal experts say it’s
unlikely Clinton’s speaking fee will be clawed back, but critics say it’s
unseemly to hold onto the cash when thousands of people have lost retirements
and savings at the hands of Bankman-Fried.

5
Bankman-Fried attended Super Bowl LVI in Los Angeles alongside many important
famous names. Instagram/Michael Kives

“I don’t think every public figure has to give back every dollar from every
tarnished source, but it’s obviously wrong to hold onto money the orchestrator
of a Ponzi scheme paid you to lend their grift credibility,” Jeff Hauser,
founder and director of the Revolving Door Project, a progressive group that
examines money and corruption in politics told The Post.

“They should just apologize and give the money back now,” another insider told
The Post. “It’s only going to get messier.”

5
Bill Clinton was paid north of $250,000 when he spoke at the disgraced FTX CEO’s
Crypto Bahamas Conference in April. Twitter/Dan Keeler

Sources told The Post it was former Hollywood agent Michael Kives who served as
an aide to Bill and Hillary Clinton who helped connect the two. Kives — who now
runs a venture firm called K5 Global — nabbed $300 million last year from FTX’s
now-defunct investment arm, Alameda Research, according to reports. 

Kives declined to comment. An attorney for Bankman-Fried did not respond to a
request for comment.

5
Bill Clinton was paid north of $250,000 when he spoke at the SBF’s Crypto
Bahamas Conference. FilmMagic

It’s not the first time the Clintons have gotten tangled up with accused
fraudsters like Bankman-Fried. In 2015, they famously got tangled up with
Theranos founder Elizabeth Holmes at the Clinton Global Initiative, where Bill
interviewed the convicted fraudster about the future of equality and
opportunity.

151
What do you think? Post a comment.

Holmes had even prepared to host a fundraiser for Hilary’s 2016 presidential
campaign — more than five months after a blockbuster story in the Wall Street
Journal broke allegations of wrongdoing. It got canceled days before.




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Filed under
 * bill clinton
 * ftx
 * hillary clinton
 * sam bankman-fried
 * The Clintons
 * venture capital
 * 1/19/23

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Bill Clinton received hundreds of thousands of dollars to speak at Sam
Bankman-Fried's conference. Getty Images
Sam Bankman-Fried was listed as a speaker at the Clinton Global Initiative in
September.
Bankman-Fried attended Super Bowl LVI in Los Angeles alongside many important
famous names. Instagram/Michael Kives
Bill Clinton was paid north of $250,000 when he spoke at the disgraced FTX CEO's
Crypto Bahamas Conference in April. Twitter/Dan Keeler
Bill Clinton was paid north of $250,000 when he spoke at the SBF's Crypto
Bahamas Conference. FilmMagic
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