Beto O’Rourke’s campaign returned $1 million donation from Bankman-Fried



Pressure mounts for return of Bankman-Fried donations

Lawmakers who received the campaign donations are being pressured to return the money.

O’Rourke reports that the $1 million received on October 11 was returned four days before Election Day. And they gave back the funds before the FTX scandal hit the headlines.

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“This contribution was unsolicited, and the campaign’s upcoming [Texas Ethics Commission] report will show that it was returned on Nov. 4, before the news stories that would later come out about the donor,” said a spokesman for O’Rourke.

Filings disclose that Bankman-Fried’s $1 million donation made him the top donor to O’Rourke’s campaign between July 1 and Sept. 29. 

House Financial Services Committee plans hearings

House Financial Services Committee Chairwoman Rep. Maxine Waters (D-CA), said in November that her committee will hold hearings in December to investigate the collapse of FTX.

Bankman-Fried and his associates have given roughly $300,000 to nine members sitting on that committee that will be investigating them.