3 ms·

I'm curious about the political donations aspect of the story. Can a court force politicians who got money from FTX/SBF to give back to creditors?

• StressedDev 3y ago
  In practice, I don't think it matters. Here is why: 1. The donations to candidates are usually pretty small (think $2,900/candidate). The candidates can return the money but getting all of the money back will not do much for the creditors. 2. Some PACs got a LOT of money (think millions of dollars). The problem is they probably already spent it. You can probably sue them to try to get back the money but the PACs will probably just declare bankruptcy. Here is a link to the donations: https://www.opensecrets.org/donor-lookup/results?name=&cycle=&state=&zip=&employ=FTX&occupation=&jurisdiction=&cand=&type= https://www.opensecrets.org/donor-lookup/results?name=&cycle...
  • jokethrowaway 3y ago
    Except there are 5M, 200k, 300k donations Still small compared to all the stolen money
    • StressedDev 3y ago
      Those are to political action committees, not politicians. The probably spent most or all of it during the last election cycle. If they raise more money, you can go after that but what are you going to do if they don’t raise more money?