Venture capitalist Nick Carter told Breitbart News in an exclusive statement Tuesday that the Biden Justice Department will not prosecute former FTX CEO Sam Bankman Fried, who has overwhelmingly donated to Democrats. He said this exposed the topic as “blatantly political”.
The Biden Justice Department announced last week that it would not prosecute Bankman Fried on charges of making illegal political contributions using client funds or bribing foreign officials.
The announcement was widely echoed by conservatives as well as those in the cryptocurrency industry who believe a complete accounting of Bankman Fried's alleged crimes while leading the defunct cryptocurrency exchange FTX requires a full explanation. Condemned.
Nic Carter is a general partner at Castle Island Ventures, a venture capital firm that invests in crypto financial infrastructure and “restoring property rights on the internet.” Castle Island Ventures in 2022 raised $250 million for a third fund targeting startups in financial networks, financial services, and internet architecture, including Web3.
The Castle Island Ventures III fund is Castle Island's largest ever fund since it was founded in 2018, with an initial $30 million fund and then a $50 million fund that closed in February 2021. Followed by the second fund. Investors in the third fund included endowments, asset management companies and others. Family offices and fund of funds groups, according to an announcement post on Medium.
Castle Island's portfolio of early-stage crypto investments includes asset management company Bitwise and crypto finance company BlockFi.
In a statement to Breitbart News, Carter criticized the Justice Department for refusing to prosecute Bankman Fried.
“By refusing to publicly litigate the entire SBF case, [Sam Bankman-Fried] “Despite committing a crime, the Biden Justice Department has once again exposed their agenda as overtly political,” Carter explained in a written statement. “There is clear public interest in a full disclosure of Bankman Fried's misdeeds, particularly his campaign contributions. SBF supports Democrats seeking to influence Washington in the midterm elections, and You have to wonder if that influenced the decision.”
Indeed, at the height of his influence, Bankman Fried sought to surpass Democratic megadonor George Soros as the party's biggest donor. He reportedly donated $100 million of his stolen client funds primarily to Democrats, making it his second-largest donation. donor Joe Biden's presidential campaign. (Only former New York City Mayor Michael Bloomberg said more.) According to one Pac News report, Bankman Fried is looking for advisers to help Democrats in the 2024 election, and data experiments. It is said that he carried out
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U.S. House of Representatives Committee on Financial Services/YouTube
“Serious questions must be asked about this oversight, especially given Barbara Fried's history as a Democratic dark money organizer. The Department of Justice has time to pursue Jean Sixx to the ends of the earth. But they missed the biggest campaign finance scandal in a generation,” Carter continued.
Bankman Freed's mother, Barbara Freed helped As the leader of the Democratic super PAC Mind the Gap, he wrote the strategy memo that guided the Democratic Party's 2020 election strategy. Freed, a professor at Stanford University, argued that Democrats should move to get independent Americans to register to vote because it is “four to 10 times more cost-effective” to “capture additional Democratic votes.” .
“The public has a right to know exactly who in Washington received SBF funds, but the Justice Department is blocking the full accounting that should be done,” Carter added.
Sean Moran is a policy reporter at Breitbart News. Follow him on Twitter @SeanMoran3.
