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RFK Jr. Alleges Corruption in Dropping 6 Charges Against FTX Founder Sam Bankman-Fried

1 min
Updated by Kyle Baird
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In Brief

  • RFK Jr. expresses shock over US government dropping charges against FTX founder Sam Bankman-Fried.
  • He accuses government of corruption, questioning the rationale behind dismissing charges involving a substantial sum.
  • Bankman-Fried allegedly directed $100 million to politicians, leveraging influence to lobby for favorable crypto regulations.
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United States presidential candidate Robert F. Kennedy Jr. (RFK Jr) has weighed in and expressed shock at the US government’s recent decision to drop six charges against disgraced FTX founder Sam Bankman-Fried (SBF).

Meanwhile, he accused the government of corruption and is questioning the rationale behind dropping charges related to such a significant sum of money.

RFK Jr. Raises Concerns Over Dropping SBF Charges

In a post on X (formerly Twitter), Kennedy Jr. shared the news that Bankman-Fried has had charges dropped against him for allegedly donating $100 million in stolen customer funds to various politicians.

Meanwhile, he remarked that it isn’t surprising, asserting that it reveals a broader issue within the US government:

“No one is even surprised. THAT is a bigger problem than the fraud itself. It shows how normalized corruption has become.”

Read more: FTX Collapse Explained: How Sam Bankman-Fried’s Empire Fell

Bankman-Fried Allegedly Had an Agenda Behind the Donations

Earlier this year, BeInCrypto reported on the US government filing campaign finance charges against Bankman-Fried.

However, Bankman-Fried allegedly directed two former FTX executives to channel over $100 million to certain candidates.

Meanwhile, Bankman-Fried allegedly told these executives to skirt legal campaign limits to ensure pro-crypto industry politicians won races.

“He leveraged this influence, in turn, to lobby Congress and regulatory agencies to support legislation and regulation. He believed would make it easier for FTX to continue to accept customer deposits and grow,” the August 14 indictment read.

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Ciaran Lyons
Ciaran is a cryptocurrency journalist based in Sydney, Australia. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency in real-world scenarios. He has also appeared across major television networks in Australia including Channel Ten, Channel Nine and SBS TV. Prior to his foray into cryptocurrency, Ciaran worked as a presenter on national radio station Triple J.
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