Sam Bankman-Fried Is Not Alone: Some of History’s Greatest Monsters Were Democratic Megadonors
Disgraced crypto guru continues a storied tradition
"If I have seen further it is by standing on the shoulders of giants." — Sir Isaac Newton
What happened: Sam Bankman-Fried, the digital guru who earlier this year pledged to spend as much as $1 billion in support of Democratic candidates, is under federal investigation after the cryptocurrency exchange he founded declared bankruptcy amid accusations of fraud and financial mismanagement.
Why it matters: Bankman-Fried is the latest in a long line of Democratic megadonors to be accused of egregious criminal acts.
By the numbers:
• $5,700,000 — The amount Bankman-Fried, aka "SBF" or "the next Warren Buffet," donated to President Joe Biden's campaign and other Democratic-aligned entities in 2020.
• $40,000,000 — The amount SBF donated to political candidates and committees during the 2022 election cycle, the vast majority of which were aligned with the Democratic Party.
• $15,600,000,000— Bankman-Fried's estimated net worth on Nov. 8, 2022.
• $0 — His estimated net worth on Nov. 11, 2022.
The Democratic Party Hall of Dishonor:
Assuming he is ultimately charged and convicted of orchestrating a financial scam, Bankman-Fried will live in infamy alongside the following Democratic megadonors of degenerate disrepute—the giants upon whose shoulders he once stood.
Harvey Weinstein
• The once-beloved Hollywood mogul donated almost $600,000 to Democratic candidates and committees since 2000, and hosted a number of celebrity fundraisers for Barack Obama and Hillary Clinton.
• Serving a 23-year sentence for rape and currently on trial for multiple sex crimes. Reporting suggests Weinstein's atrocious behavior was an open secret in Hollywood. The serial offender routinely exploited his influence among Democratic politicians and their allies in the media to bury stories about his predatory behavior. In 2017, Weinstein reached out to Anita Dunn, a senior adviser to President Joe Biden, for "damage control advice."
Jeffrey Epstein
• The prolific pedophilia aficionado donated more than $150,000 to Democratic candidates and committees, including a $10,000 contribution as recently as 2018, several months before his arrest on sex trafficking charges.
• He courted prominent journalists, cavorted with liberal billionaires, and wrote checks to Ivy League universities. Former president Bill Clinton took several trips on Epstein's private jet, aka "The Lolita Express." (Not to be confused with Democratic megadonor Ron Burkle's private jet, aka "Air F—k One," on which Clinton has also flown many times.)
• The sex criminal "hanged" "himself" in his jail cell in 2019. Earlier this year, his female accomplice Ghislaine Maxwell received a 20-year sentence for sex trafficking. She was among the prominent figures who attended Chelsea Clinton's wedding to failed hedge-fund manager Marc Mezvinsky in 2010.
Ed Buck
• The longtime liberal activist donated more than $500,000 to Democratic candidates and committees.
• Buck was sentenced in April to 30 years in prison for luring young men to his home, sexually assaulting them, and (in at least two cases) injecting them with a fatal dose of methamphetamine. Federal authorities described Buck as a "violent, dangerous sexual predator" who exploited "vulnerable victims—men who were drug-dependent and often without homes—to feed an obsession that led to death and misery."
Bernie Madoff
• The once-beloved investment guru donated $200,000 to Democratic Party committees and candidates including Hillary Clinton and Chuck Schumer.
• Madoff defrauded his investors, including several prominent charities, of nearly $65 billion while orchestrating the largest Ponzi scheme in history. He pleaded guilty to 11 felonies in 2009 and was sentenced to 150 years in federal prison, where he died in 2021.
It's almost as if there is a pattern…
Biden Feeling Frisky After Midterms, Vows More of the Same Punishment
Can we survive six more years of Joe?
Old Joe Biden, the ostensible president of the United States, on Wednesday held one of his Potemkin press conferences before the gathering of sycophants and propagandists known as the White House press corps, and he was in high spirits. He once again made clear that the whole thing was a charade at the beginning of the question-and-answer period when he said, “Now, I’ve been given a list of 10 people that I’m supposed to call on.” But he did have a lot of spicy comments about the midterms that made it clear it’s going to be a rough two years.
“Well, we had an election yesterday,” provoking happy laughter from his flatterers. “And it was a good day, I think, for democracy. And I think it was a good day for America.” If Joe Biden thinks November 8 was a good day for democracy and for America, watch out, because his first two years in office have made abundantly clear his taste for authoritarianism and determination to stigmatize and criminalize dissent from his far-Left agenda. Buoyed by the non-appearance of the vaunted Red Wave, the man with catastrophically low approval ratings promised more of the same. Buckle up.
Biden crowed over the failure of the Red Wave to appear: “While the press and the pundits are predicting a giant red wave, it didn’t happen. And I know you were somewhat miffed by my — my obsessant [sic] optimism, but I felt good during the whole process. I thought we were going to do fine.” Reasons for that optimism might have included mail-in voting that is generally accepted now and is rife with opportunities for fraud, as well as a generation of miseducated youths who have been taught the glories of socialism all through their public school years, and now are lining up to vote for the socialists. What a surprise.
Old Joe singled out those indoctrinated bots for a particular expression of gratitude: “And I especially want to thank the young people of this nation, who — I’m told; I haven’t seen the numbers — voted in historic numbers again and — just as they did two years ago. They voted to continue addressing the climate crisis, gun violence, their personal rights and freedoms, and the student debt relief.” So they want to tank the economy and disarm the populace. Wonderful.
No Biden speech would be complete without a generous helping of lies, and this one was no different. Biden claimed he had lowered “the federal deficit in the two years by $1.7 trillion. Let me say it again: $1.7 trillion. No administration has ever cut the deficit that much.” He actually is adding $2.7 billion to the deficit every day, but who’s counting? The Red Wave didn’t materialize, and Joe sees that as a massive pat on the back, so he’s going to keep on destroying the economy, erasing the border, and working against the freedom of speech. “And I’m confident these policies are working and that we’re on the right path, and we need to stick with them,” he said.
The most divisive and hateful president in American history, the first president to label his principal opposition a threat to the very life of the republic, also vowed, “I’m going to continue to work across the aisle to deliver for the American people.” The man who stood in front of a pair of Marines and an ominous red-and-black backdrop in order to smear his opponents as a danger to the nation itself actually stated, “And it’s not always easy, but we did it the first term.”
When asked about the odd and unexplained anomaly that “75 percent of voters say the country is heading in the wrong direction” yet voted for the same people who got us into this mess, this mendacious corruptocrat ticked off some of his alleged accomplishments and then had the audacity to add, “We’re going to restore the soul of the country, begin to treat each other with decency, honor, and integrity. And it’s starting to happen. People are — the conversations are becoming more normal, becoming more — more — how can I say it? — decent. … So, I’m not going to change anything in any fundamental way.”
Biden’s insouciance may be explained by one telling comment he made: “We still have a possibility of keeping the House, but it’s going to be close.” The Democrats could come out of all this still in control of the House and the Senate. Who, then, would investigate whether the elections had really been conducted fairly, and that all the mail-in ballots were legitimate? Who, then, would stop Biden’s socialist agenda?
The alleged president himself was sure it wouldn’t be one man: Donald Trump. When a reporter said that Trump’s movement was “still very strong,” Biden laughed derisively and said, “Oh yeah?” He added, “Well, we just have to demonstrate that he will not take power by — if we — if he does run. I’m making sure he, under legitimate efforts of our Constitution, does not become the next President again.” How can he make sure of that? He didn’t say, and of course the sycophants didn’t ask.
Biden also said, “Our intention is to run again. That’s been our intention, regardless of what the outcome of this election was. And the fact that we won — we — I didn’t run — the fact that the Democratic Party outperformed anything anyone expected and did better than any off-year presidency since John Kennedy is one that gives everybody, like, ‘Hoo’ — sigh of relief — that the MAGA Republicans are not taking over the government again, et cetera.” Six more years of Joe? It could happen.
Robert Spencer
Robert Spencer is the director of Jihad Watch and a Shillman Fellow at the David Horowitz Freedom Center. He is author of 26 books including many bestsellers, such as The Politically Incorrect Guide to Islam (and the Crusades), The Truth About Muhammad and The History of Jihad. His latest books are The Critical Qur'an and Who Lost Afghanistan?. Follow him on Twitter here, and like him on Facebook here.
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