Oregon鈥檚 Secretary of State is also investigating whether there was any wrongdoing surrounding a $500,000 contribution from the company to the state Democratic party.
Secretary of State Shemia Fagan asked the Elections Division to take a closer look at the donation after was not actually from Prime Trust, which is how Democratic Party officials reported it on their campaign finance filings. Instead, Prime Trust was merely a pass-through and the donation really came from Nishad Singh, a former FTX director of engineering.
鈥淲e play the initial fact-finding role. If we find something, we hand it over to the Department of Justice,鈥� said Ben Morris, with the Oregon Secretary of State鈥檚 office.
It鈥檚 a felony to make a campaign contribution under a false name. The Elections Division is looking into three likely options, according to Morris: whether Singh misled members of the Democratic Party when the donation was made, whether someone within the Oregon Democratic Party posted the contribution fraudulently or whether it was an honest mistake.
The Secretary of State鈥檚 office has been investigating for about a month, and investigations often span up to three months, Morris said, adding that this case is a priority for the office.
The Democratic Party of Oregon declined to comment, and party officials have not said whether they plan to return the $500,000 contribution.
U.S. regulators filed civil securities fraud charges against Bankman-Fried, last week. Bankman-Fried has been charged with misleading investors and was recently arrested at his home in the Bahamas.
Bankman-Fried and his company spent . Prosecutors have said that money came from Alameda Research, a hedge fund Bankman-Fried created. He鈥檚 accused of using that money in several different ways, including donating to political candidates and campaigns and violating several campaign finance laws, according to national reporting.
During the May primary, Bankman-Fried was especially generous to who ran in the Democratic primary for Oregon鈥檚 new 6th Congressional District. Bankman-Fried spent millions on Flynn, turning him from a largely unknown figure into a player in the race, although he ultimately lost.
Bankman-Fried鈥檚 donations were not sent to Flynn directly, but instead to a political action committee, Protecting Our Future, that helped Flynn鈥檚 campaign by paying for advertisements.
Flynn said in an email he believes Bankman-Fried supported his campaign because he liked the work Flynn had done on pandemic prevention. Flynn noted he never had any contact with Bankman-Fried. When asked if he had been contacted by investigators, Flynn did not respond.
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