GOP Rep urges fellow Congress members to return FTX campaign dollars to help those fleeced in crypto 'scheme'
John Solomon Reports
John Solomon
4.7 • 6.3K Ratings
🗓️ 15 December 2022
⏱️ 31 minutes
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Summary
Rep. Lance Gooden discusses Sam Bankman-Fried, FTX collapse, and the new FTX CEO’s testimony before the House Financial Services Committee. The Texas Congressman urges his fellow members of Congress to return money received from FTX campaign contributions saying, “we've got politicians that have taken hundreds of thousands of dollars, in some cases, some of these committees have, and they are not making proactive efforts to return the money. And if you're a politician that has taken money from [Bankman-Fried], you should have already been in touch with the bankruptcy court and saying, ‘Hey, you guys, let me know where to send the check,’ Because this is stolen money, it wasn't his and it shouldn't be mine.” The Member of the Financial Services Committee says that the “stolen money” should be given to “do all we can to make people whole that have have lost money in the scheme.”
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| 0:37.2 | Hello, American, happy Thursday. We've got a great show for you today. |
| 0:41.0 | Everybody is beginning to absorb the magnitude of the FTX scandal, the |
| 0:46.4 | Sam Bankman-Free, Swindling, alleged Swindling according to the Justice Department |
| 0:51.8 | of this cryptocurrency exchange and the tens of millions of dollars. I said that right. I'm not, |
| 0:56.8 | I'm not mistating it. Tens of millions of dollars of political donations route it, mostly to |
| 1:01.6 | Democrats from the stolen proceeds of investors. This isn't just a investment scandal. |
| 1:09.3 | It has the potential to become the largest political fundraising scandal in American history, |
| 1:16.0 | larger than Mardi Gras, larger than the Asia Fund raising scandal and during the Clinton White House |
| 1:20.7 | here is a member where we had the Lincoln bedroom and the Buddhist monks donating and all of those |
| 1:25.6 | things. This has the potential with straw donations, the version of capital, to be one of the most |
| 1:33.2 | important political fundraising scandals ever in history. And it's going to shine a light on how |
| 1:39.4 | unwilling politicians are to truly vet their donors. When you look at the young Sam Bankman-Free, |
| 1:46.0 | you realize this is a man. If he suddenly started showing up throwing tens of millions, I'd say, |
| 1:50.2 | hey, who is this guy? What's up? This is too good to be true. Look how young he is. He doesn't |
| 1:55.7 | add up none of those politicians, none of those PACs, none of those organizations seem to question |
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