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

Rep. Maxine Waters, a California Democrat, praised disgraced funder Sam Bankman-Fried’s “flowing” interviews with the press ahead of his hearing before a House committee.

Waters made the announcement via social media on Friday. Bankman Fred will testify before the House Financial Services Committee on December 13.

“We appreciate you being honest in your conversations about what happened at FTX,” Waters said.

FTX founder Sam Bankman-Fried’s family has deep ties to Democrat power players

She added, “Your willingness to talk to the public will help the company’s customers, investors, and others. To that end, we would welcome your participation in the hearing on the 13th.”

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Banker Fred has appeared for a number of interviews over the past week, discussing the collapse of his crypto-trading company, FTX.

In his series of media engagements, which included a live debate with The New York Times, Bankman Fred aimed to deflect accusations from FTX management and deny fraud.

FTX Founder Sam Bankman – Tort by Class Action Lawsuit Also Names Brady, Bundchen, Shaq, Curry

Maxine Waters at a congressional hearing

Representative Maxine Waters, Democrat of California and chairwoman of the House Financial Services Committee, during a hearing in Washington, D.C., Wednesday, Sept. 21, 2022. (Aldrigo/Bloomberg via Getty Images/Getty Images)

Overall, in 2021 and 2022, Bankman Fred Almost 38 million dollars contributed According to Federal Election Commission (FEC) filings, it gives money to various candidates and PACs, especially Democratic candidates and left-wing groups.

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Most of his political gifts 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 - Fred

Sam Bankman Fred, founder and former CEO of cryptocurrency derivatives exchange FTX, speaks during an interview with Bloomberg Wealth on an episode of Bloomberg Wealth, Wednesday, Aug. 17, 2022, in New York. (Jenna Moon/Bloomberg via Getty Images/Getty Images)

Bankman Fred is currently facing a flurry of lawsuits, including a class action by investors who claim he and other high-profile figures — such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry — violated Florida law. and cost consumers more than $11. billion loss.

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The trial names “Sam Bankman-Fred, Tom Brady, Gisele Bündchen, Stephen Curry, Golden State Warriors, Shaquille O’Neal, Adonis Haslam, David Ortiz, William Trevor Lawrence, Shuhei Otani, Naomi Osaka, Lawrence-Jean-David, and Kevin O’Leary.” That made them “responsible for the many billions of dollars in damages that they caused plaintiffs and classes and forced defendants to complete.”

FOX Business’ Thomas Cattensy, Houston Cain, Greg Norman, and Christian Alts contributed to this report.

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