Submitted by imhergod t3_106zoid in nottheonion
Alkalinum t1_j3ov8ci wrote
Reply to comment by NarrowSalvo in FTX attempting to recover millions donated to charities. by imhergod
Some of the charities were indeed those sorts of charities keeping orphanages in India open, and it does feel really sour to say they have to refund the money, but much of the donations were to political charities and consulting charities - SBFs mum runs a Democrat superPAC that got $1 million, his brother runs a lobbying charity that received $12.1 million. Democrat politicians got $40 million, and Democrat interest groups got $10s of millions on top of that. Sam's 'Mentor' the leader of the Effective Altruism movement runs several non profit consultancies that got about $30 million, and Oxford university where he works was given about $10 million. I reckon all those organisations won't have too much difficulty raising the funds back to repay the people whose money was stolen.
Viewing a single comment thread. View all comments