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We all know Sam Bankman-Fried is on his way to the slammer, but new evidence suggests that, if properly convicted, he could potentially face a lifetime in prison. In this video, I explain the theory behind how SBF used political donations as a guise to launder money right under our noses.
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[Music] Thank you Welcome to bitboy crypto my name is Ben Tonight what are we talking about SPF And what could turn out to be a gigantic Conspiracy of Epic Proportions not sure What we can make about this yet but There is definitely some stuff going on Here that should be making us question Really what was going on with Sam Bingman freed FTX and political Donations so here's the thing I'm at the Braves game tonight shout out home Opener playing the Padres here with the Family excited uh but the thing I'm the Most excited about right now It's just all the different crimes the Same penguin freed is charged with and There may be more coming because he's Going to prison I told you guys a long Time ago that he won't get a total deal He's going to end up doing some time I Think probably around 10 years and when We look at what is going on with these Conspiracies around the political Donations is very fascinating so you Know as you guys know around the last Election cycle the president or the um Uh the last midterm elections SBS spent Around 37 million dollars in political Donations That was mostly to Democrats But some Republicans as well now he Donated in 20 uh 2020
5 million dollars to Joe Biden making Him jobine's second largest contributor Now that's very key here in a few he Also has been around 40 million dollars Total Um of course like I said on the midterm Elections Um but what's really interesting is that He had a 27 million dollar Super PAC Called protect our future now I know you Notice what he would do with uh you know Like effective altruism Um which he didn't found but effective Altruism Um uh the pandemic you know stop the Pandemic uh non-profit he had or he Donated to that was literally just a Funnel for political donations it didn't Do anything with pandemic all it did was Funnel money to politicians and hope That they would somehow help prepare for Another pandemic I bet they are Preparing for one For one but you also have this where This pack is called protect our future These are just the most generic sounding Names of stuff uh you know they're not Even hiding really and none of these Organizations do anything 10.5 million dollars of that 27 million Dollar Super PAC Went to Carrick Flynn now this is a guy That ran for a house seat in Oregon six Congressional district you don't know
Who he is because he didn't win in fact He didn't even win his primary what's Fascinating was SPF spent twice the Amount of money On donating to Carrick Flynn a rookie Politician with no experience from Oregon Then he spent on Joe Biden gave Joe Biden 5 million dollars gave Carrick Flynn 10 million dollars Something's not right here Funny part though like I said earlier is Flynn lost he didn't even win the seat He didn't win the the primary didn't Even make it to the election He lost to Andrea Salinas she doubled Him up in votes so 10 million dollars For a house seat wasn't enough to even Get SBF uh to get SVS candidate Carrick Flynn To the actual election That's really really strange and it Wasn't even close so it goes to show you You can't necessarily buy power but the Question is was buying power really what They were trying to do And if they weren't doing that what were They doing we're going to leave some Interesting scenarios out for you According to Carrick Flynn he never met SBF but Flynn did meet sbf's brother Gabe who also runs a scam Um you know non-profit funneling money To uh politicians
Um SPF and Carrick Flynn they tended to Have kind of some similar Um you know both maybe corki ran the Same kind of circles and stuff like that But they never met each other very Strange But one thing that in common they were Both in the group effective altruism Which if you didn't know like almost all Of the main players from the FTX Scandal Came from effective altruism Um so the idea though was that if maybe This was the idea if they could get Carrick Flynn If they could get him elected he could Help them push a bill Kind of presumptuous to give 10 million Dollars to this guy now I also want to Point this out The donations were not made in Sam's Name they found another name they were Made in Sam had surrogates all across The United States donating to Politicians not just Republicans like he Said he said oh I didn't want everybody To know I was donating to Republicans Too well you have Cara Flynn's Democrat And you still had to use a different Name and you used a person Um you know you gave the money like I Said to somebody that was ineffective Altruism with you but you did it through Another party it's very very very Strange
[Music] Foreign [Music] [Applause] [Music] [Applause] [Music] [Applause] S are very interesting because they were 2500 a lot of them were 2500 a pop some Were even less than that they're Breaking down these transactions into Small amounts To hide their tracks because a 2500 Donation doesn't really cause a lot of Red flags but a 10 million dollar one Would so is it possible that this was Just Sam trying to buy more power I think that's very unlikely in this Scenario it's very unlikely he has a Pre-existing relationship uh with Sam Even if he hasn't met him with Sam Through effective outroars I'm wearing The same networking group you could Probably say so Here's what looks like it could be Developing because we're using Carrick Flynn because this is the guy that's Making the headlines right now But in reality there's more to it than Just him there are plenty of other Politicians that they've discovered We're receiving funds and donations from Surrogates of FTX this is just the first
One that we've really uncovered at this Point shout out to ZK snarf and Samurai On Twitter they're the people who you Know started busting the story wide open And we may cover it again on the live Stream we may cover it in a longer video Where I can show you the numbers and Show you the stuff because it really is Outrageous but you guys need to know About what this could turn into Could it be because a lot of people have Told me they said well you know they had All this money uh FTX did and it's gone And Alameda was cheating and couldn't Get liquidated how did they lose the Money People have suggested they did lose the Money they hid the money and the money Still exists save and secure for more Political donations and other assets and Around the world so Could it be possible that what was Really going on here is that a network Of people After exit the head of this it includes Politicians it includes donors includes You know non-profits includes a lot of Different entities here they break these Transactions into smaller amounts that's What money laundering is so it's Undetected doesn't raise Flags And they just sent it to all these Politicians that lost and were always Going to lose because after the money
Comes in They don't have to track where it goes After you know unless there's supposed Wrongdoing now in this case if this gets Dug into maybe we'll find out but could It be that these political donations Were literally money laundering they Were literally potentially money Laundering money through political Donations because once it gets off FTX And Sam's hands It's it's gone Unless the people you're donating to are Also working with you and helping you Figure out how to recollect the money on The back end And to me that is what the most likely Answer is to this has all the Hallmarks Of money laundering let me tell you this If it's proven that SBF was money Laundering through our government This 10-year sentence may go up to 25 to Life because this is very serious And most of political donations he made If you think about it they weren't Actually buying him power if he was Doing it in this way he was just getting The money back on the back end he wasn't Buying power nobody there owes him Favors Kirkland lost he can't help him It's a very fascinating to see how this Plays out I'm gonna go check the Braves We're gonna win that's all I got Recorded half the audiobook today so
Excited about that finish that up Tomorrow be blessed [Music] Foreign [Music] [Music]
