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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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52909917 No.52909917 [Reply] [Original]

Sam Bankman-Fried gave $79.8 million to political campaigns and committees, but those who received the money may have to return it as the company tries to pay back its creditors.That’s because bankruptcy courts often let companies claw back the money that they have given to others in the two years prior to filing for bankruptcy. Even the political candidates who received money and told USA TODAY that they have donated the money to charity could be forced to give it back. Despite the good intention behind it, the bankruptcy estate may come calling.

>> No.52909933

>>52909917
GOD this is fucking hilarious.
The second-biggest single donor to the Democrats, and they may have to give it all back.
Wouldn't get my hopes up though.

Also, isn't it funny how they arrested SBF just days before he had to testify under oath before Congress?
No prosecutor in their right mind would stop a prospective arrestee from testifying under oath.

>> No.52909939

>implying political grifters will force other political grifters to pay back their stolen funds
They'll just delay this until 2027 and nobody will ever pay back a dime

>> No.52909942

>>52909917
If this happens it would be the funniest thing in the history of funny things.

>> No.52909943

>>52909917
Sounds good. Will some justice finally happen?

>> No.52909955

>>52909933
>Also, isn't it funny how they arrested SBF just days before he had to testify under oath before Congress?
They will probably Epstein him.

>> No.52909960

>>52909917
HAND IT BACK SHLOMO

>> No.52909961

>>52909917
Funniest thing is that clawback will be applied to donations and SBF parents’ estate cause those were made with fraudulent intentions, either to ransack company funds, either to bribe politicians in order to benefit the bankrupt company
But they cannot really be applied to the Binance 2.1B shares buyback, that’s a legit financial operation, and it was made in times were there were no doubts about FTX solvency (and it was more than 90 days before filing)
But judges are kikes so who knows

>> No.52909966
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52909966

>>52909917
kek, allegedly SBF donated an equal amount to Rs, but he used dark money routes as to not piss off shitlib journalists and blue checkies. I doubt much of that money is going to be clawed back.
End result: SBF is simultaneously fucking up optics and finances for Dems and their """charities""" while giving billions of safe dark money to their main political rival.

>> No.52909971

>>52909966
>I doubt much of that money is going to be clawed back.
as long as enough records exist to finger them, it will be clawed back, they won't have option to decline

>> No.52910930

yes the government will force itself to pay back dirty money it no longer has

>> No.52911019

>>52909917
>>52909933
>>52909939
>>52909942
>>52909943
>>52909955
>>52909960

Delusional.

SBF will walk of free.

Everything has been planned from the beginning and everyone played their part.

>> No.52911020

>>52910930
thats the nice thing about money, its fungible

>> No.52912202

>>52911019
They can't let him go, if they want to push regulations they HAVE to make an example of him