A trio of Democrat-affiliated Political Action Committees (PAC) that together received nearly $30 million from disgraced former crypto CEO Sam Bankman-Fried, according to the Washington Post, have not yet announced whether they intend to return this money, and have not responded to inquiries from the Daily Caller News Foundation.
The Protect Our Future PAC, GMI PAC, and Vote Rev PAC received a combined total of just over $29.3 million from Bankman-Fried in the 2022 election cycle, according to the Washington Post. In total, Bankman-Fried donated just shy of $39 million to Democrat-aligned causes in the 2022 midterm election cycle, making him the second-largest individual donor to Democratic groups in the 2022 election cycle, according to finance watchdog OpenSecrets.
Protect Our Future, who received $27 million from Bankman-Fried, spent roughly $19 million on broadcast and media ads and roughly $1 million on media production for Democratic candidates and issues via the company Screen Strategies Media, according to OpenSecrets. Screen Strategies Media received a combined total of $52 million from more than two dozen groups aligned with Democratic candidates, with Protect Our Future donating more than three times the next largest donor, according to OpenSecrets.
