Joe Biden got caught up with a dangerous criminal.
Now it’s all come crashing down.
And Joe Biden wept as his friend got hauled off to prison.
Few people were closer to Joe Biden during his 2020 campaign than Sam Bankman-Fried. In fact he was the second-largest donor to the campaign.
According to a 2020 article from CoinDesk, “Sam Bankman-Fried, the CEO of cryptocurrency derivatives platform FTX, made the second-largest donation to former Vice President Joe Biden’s presidential campaign, according to details revealed in The Wall Street Journal on Oct. 28.”
Naturally, this meant Bankman-Fried had a good amount of influence with Biden and the people around him.
But the last thing Joe Biden ever expected was for his close ally to be hauled off to prison on serious criminal charges.
According to CNBC, “A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison.”
“Bankman-Fried, the 31-year-old son of two Stanford legal scholars and graduate of the Massachusetts Institute of Technology, was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against Alameda Research lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering.”
“He had pleaded not guilty to the charges, which were all tied to the collapse late last year of FTX and sister hedge fund Alameda.”
These are serious crimes that resulted in devastating consequences for many people. Bankman-Fried defrauded investors who had staked their livelihoods on him.
And the fact Joe Biden was associated with a criminal like this is not a good look for the already much-embattled president.
“The federal trial, which began in early October, pitted the testimony of Bankman-Fried’s former close friends and top lieutenants against the sworn statements of their former boss and ex-roommate. The jury returned a swift verdict after receiving the case at around 3:15 p.m. ET on Thursday and breaking for dinner at around 6 p.m. ET.,” the article continues.
This was an open-and-shut case – the jury wasted no time deliberating whether Bankman-Fried was guilty or not.
Now Bankman-Fried could spend the rest of his life in jail and Joe Biden will have serious questions to answer for it.