Congressman George Santos from Long Island has been arrested and charged with embezzling campaign funds, including $50,000 for personal expenses. Santos has ties to Sam Bankman-Fried, the founder of FTX, who is facing multiple indictments. Bankman-Fried's political influence campaign aimed to pass the Digital Commodities Consumer Protection Act (DCCPA), which would have benefitted FTX but was met with opposition from the crypto industry. Evidence suggests that Mind the Gap, a pre-FTX fundraising organization, may have helped identify candidates who received donations of stolen FTX customer funds.
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Long Island Congressman George Santos Arrested for Money Laundering and Wire Fraud Linked to FTX Scandal
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Nobel laureate in economics: Stablecoins are “under-regulated” and governments could be forced to provide billions of dollars in bailouts if they collapse in a financial crisis
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