Maxine Waters praises FTX founder Bankman-Fried for ‘candid’ interviews after billions go missing

Democratic Representative Maxine Waters of California praised disgraced financier Sam Bankman-Fried’s “candid” interview with the press ahead of his hearing before a House committee.

Waters made this comment on Friday via social media. Bankman-Fried is scheduled to testify before the House Financial Services Committee on December 13.

“We appreciate that you have been candid in your discussions about what happened at FTX,” Waters said.

Family of FTX founder Sam Bankman-Fried claims deep ties to Democrat power players

“Your willingness to speak to the public will help the company’s customers, investors and others. To this end, we welcome your participation in our hearing on the 13th,” he added.

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Bankman-Fried has discussed the collapse of her crypto-trading firm, FTX, in several interviews over the past week.

In her series of media appearances, which included a live discussion with The New York Times, Bankman-Fried aimed to shift the blame away from FTX management and denied committing fraud.

FTX founders hit by Sam Bankman-Fried class-action lawsuit, which also names Brady, Bündchen, Shaq, Curry

Maxine Waters at Congressional Hearing

Representative Maxine Waters, a Democrat from California and chair of the House Financial Services Committee, during a hearing in Washington, DC, Wednesday, Sept. 21, 2022. (Al Drago/Bloomberg via Getty Images/Getty Images)

Overall, in 2021 and 2022, Bankman-Fried donated nearly $38 million Giving their cash to various candidates and PACs, primarily Democratic candidates and left-wing groups, according to Federal Election Commission filings (FEC).

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Most of his political donations went to the Protect Our Future PAC, a group founded in January dedicated to promoting candidates committed to preventing future pandemics.

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FTX Sam Bankman-Fried

Sam Bankman-Fried, founder and former chief executive officer of FTX cryptocurrency derivatives exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, Wednesday, Aug. 17, 2022. (Jeena Moon/Bloomberg via Getty Images/Getty Images)

Bankman-Fried is currently facing a flurry of lawsuits, including a class action by investors alleging that she and other high-profile figures – such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry – violated Florida law and caused consumers more than $11 in damages. Billion loss.

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The lawsuit, which includes “Sam Bankman-Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Golden State Warriors, Shaquille O’Neal, Udonis Haslem, David Ortiz, William Trevor Lawrence, Shohei Ohtani, Naomi Osaka, Lawrence Jean David, and Kevin O ‘Leary,” seeks to make them “responsible for many billions of dollars in damages caused to Plaintiffs and Classes and to compel Defendants to satisfy them.”

Fox Business’ Thomas Catenacki, Houston Keene, Greg Norman and Kristen Altus contributed to this report.

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