Politics
Who has returned donations or contributions from FTX amid the firm’s reputational risks?
Before its downfall, crypto exchange FTX and its then-CEO Sam Bankman-Fried had been some of the most prolific spenders in the space, bailing out crypto firms and donating to political campaigns and media outlets. With more than 1 million FTX creditors looking to be made whole, what’s happening with these funds? Bankman-Fried said in May he had been willing to donate between $100 million and $1 billion to lawmakers as part of elections in 2024. Bloomberg reported on Dec. 12 — hours before SBF’s arrest in the Bahamas — that his total donations could be at least $73 million, given directly to candidates or through political action committees (PACs). Though many of Bankman-Fried’s and FTX’s donations to Democrats were noted with the Federal Election Commission as part of the public reco...
Why Doyin Okupe cannot be accused of any corruption – Deji Adeyanju
Tweet Tweet Share Whatsapp reddit Who right activists, Deji Adeyanju has said that Labor Party campaign Director General, Doyin Okupe wasn’t guilty of corruption labeled against him by the Economic and Financial Crime Commission, EFCC. Via his Facebook page, Deji said: “I have now studied excerpts of My Lord, Justice Ijeoma Ojukwu’s judgment in the Okupe’s case and can confirm it is a sound decision. The basis of her conviction of Okupe is on the issue of receiving cash above the prescribed N5m for individuals as stipulated in Money Laundering Act. I insist that Okupe wasn’t in a position to know whether the money from ONSA was from illicit act & such no burden can be placed on him because the duty of care will always be on Dasuki who ought to know. However, a crime was committed by ac...
Peter Obi’s Campaign DG, Doyin Okupe Resigns After Being Convicted By Court
Tweet Tweet Share Whatsapp reddit The Director General of the Labour Party Presidential Campaign Council, Doyin Okupe, has resigned. Okupe’s resignation followed his conviction by a court for offences bothering on money laundering on Monday. The EFCC had arraigned Okupe, in 2019 on a 59-count charge bordering on alleged money laundering and diversion of funds to the tune of N702 million. He was arraigned alongside two companies – Value Trust Investment Ltd and Abrahams Telecoms Ltd. Okupe was said to have received cash from the office of the national security adviser (NSA) while Sambo Dasuki, the NSA at the time, was in office. He was convicted of money laundering and sent to two years imprisonment. He was however given an option of N13 million fine, with a deadline to pay by 4:30pm on Mon...
Coke or Crack?: DOJ Revises Drug Case Rules To Combat Racial Disparities
HipHopWired Featured Video Source: Pete Marovich / Getty The Department of Justice is now moving to right a historic wrong by instructing prosecutors to eliminate racial disparities in cases in drug cases at the behest of U.S. Attorney General Merrick Garland. On Friday (Dec. 16th), Garland issued directives to federal prosecutors to pursue the same charges and establish equivalent sentencing for both cocaine powder and crack cocaine. The current law sees people who are convicted of possessing 28 grams of crack cocaine receive a mandatory sentence of five years in prison. That same sentence is only given to those who are convicted of possessing nearly twenty times that amount in the powdered form of cocaine. The previous situation highlighted how Black and Latinx defendants were unfairly g...
Woman Questions Gov Candidate, Frank Nweke, In Market
Tweet Tweet Share Whatsapp reddit The governorship candidate of the All Progressives Grand Alliance in Enugu State, Frank Nweke Jnr, was subjected to questioning by a woman who wanted to know his plans for unemployed graduates. According to the former minister, who shared the video on his Twitter handle on Saturday, the questioning happened at the 9th Mile Market in the state. .ued85a1b8e68c53afca2193c841271c4e{padding:0;margin:0;padding-top:1em!important;padding-bottom:1em!important;width:100%;display:block;font-weight:700;background-color:inherit;border:0!important;border-left:4px solid #16A085!important;box-shadow:0 1px 2px rgba(0,0,0,.17);-moz-box-shadow:0 1px 2px rgba(0,0,0,.17);-o-box-shadow:0 1px 2px rgba(0,0,0,.17);-webkit-box-shadow:0 1px 2px rgba(0,0,0,.17);text-decoration:none}....
Woman Questions Gov Candidate, Frank Nweke, In Market
Tweet Tweet Share Whatsapp reddit The governorship candidate of the All Progressives Grand Alliance in Enugu State, Frank Nweke Jnr, was subjected to questioning by a woman who wanted to know his plans for unemployed graduates. According to the former minister, who shared the video on his Twitter handle on Saturday, the questioning happened at the 9th Mile Market in the state. .ued85a1b8e68c53afca2193c841271c4e{padding:0;margin:0;padding-top:1em!important;padding-bottom:1em!important;width:100%;display:block;font-weight:700;background-color:inherit;border:0!important;border-left:4px solid #16A085!important;box-shadow:0 1px 2px rgba(0,0,0,.17);-moz-box-shadow:0 1px 2px rgba(0,0,0,.17);-o-box-shadow:0 1px 2px rgba(0,0,0,.17);-webkit-box-shadow:0 1px 2px rgba(0,0,0,.17);text-decoration:none}....
High Court In Orlu, Imo Set Ablaze By Armed Men
Tweet Tweet Share Whatsapp reddit Armed Men on Saturday have set ablaze the building of Imo State high court in Orlu LGA, part of the structure housing sensitive documents, files and valuables were razed down by the inferno. The development came barely few days after some gunmen attacked the headquarters of the Independent National Electoral Commission (INEC) in Owerri, which was alleged to be carried out by the Indigenous People of Biafra (IPOB). .u9693b3093a655ecda2fd7f28c697b6c4{padding:0;margin:0;padding-top:1em!important;padding-bottom:1em!important;width:100%;display:block;font-weight:700;background-color:inherit;border:0!important;border-left:4px solid #16A085!important;box-shadow:0 1px 2px rgba(0,0,0,.17);-moz-box-shadow:0 1px 2px rgba(0,0,0,.17);-o-box-shadow:0 1px 2px rgba(0,0,0,...
High Court In Orlu, Imo Set Ablaze By Armed Men
Tweet Tweet Share Whatsapp reddit Armed Men on Saturday have set ablaze the building of Imo State high court in Orlu LGA, part of the structure housing sensitive documents, files and valuables were razed down by the inferno. The development came barely few days after some gunmen attacked the headquarters of the Independent National Electoral Commission (INEC) in Owerri, which was alleged to be carried out by the Indigenous People of Biafra (IPOB). .u9693b3093a655ecda2fd7f28c697b6c4{padding:0;margin:0;padding-top:1em!important;padding-bottom:1em!important;width:100%;display:block;font-weight:700;background-color:inherit;border:0!important;border-left:4px solid #16A085!important;box-shadow:0 1px 2px rgba(0,0,0,.17);-moz-box-shadow:0 1px 2px rgba(0,0,0,.17);-o-box-shadow:0 1px 2px rgba(0,0,0,...
Labour Party Imo Assembly Candidate Christopher Eleghu Assassinated
Tweet Tweet Share Whatsapp reddit Christopher Eleghu, the candidate of the Labour Party (LP) for Onuimo constituency, Imo state house of assembly in 2023 general election was killed by yet to be identified gunmen in home on Friday. .ubbe6d6318d0cbc28d29675ea77297c0a{padding:0;margin:0;padding-top:1em!important;padding-bottom:1em!important;width:100%;display:block;font-weight:700;background-color:inherit;border:0!important;border-left:4px solid #16A085!important;box-shadow:0 1px 2px rgba(0,0,0,.17);-moz-box-shadow:0 1px 2px rgba(0,0,0,.17);-o-box-shadow:0 1px 2px rgba(0,0,0,.17);-webkit-box-shadow:0 1px 2px rgba(0,0,0,.17);text-decoration:none}.ubbe6d6318d0cbc28d29675ea77297c0a:active,.ubbe6d6318d0cbc28d29675ea77297c0a:hover{opacity:1;transition:opacity 250ms;webkit-transition:opacity 250...
Democrats to reportedly return over $1M of SBF’s funding to FTX victims
Following the arrest of former FTX CEO Sam Bankman-Fried (SBF), three prominent Democratic groups have reportedly decided to return over $1 million to investors that lost their funds due to misappropriation. On Dec. 16, the Democratic National Committee (DNC), the Democratic Senatorial Campaign Committee (DSCC) and the Democratic Congressional Campaign Committee (DCCC) pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes. A DNC spokesperson reportedly confirmed this decision when speaking to a media outlet, the Verge: “Given the allegations around potential campaign finance violations by Bankman-Fried, we are setting aside funds in order to return the $815,000 in contributions since 2020. We will return as soon as we receive p...
U.S. Postal Service Announces John Lewis Stamp For 2023
HipHopWired Featured Video John Lewis, the legendary civil rights leader and longtime congressman, passed away in 2020 at the age of 80. This week, the U.S. Postal Service announced that Lewis will adorn a stamp along with other images and figures in the coming year. From the U.S. Postal Service website: John Lewis This stamp celebrates the life and legacy of civil rights leader and U.S. Rep. John Lewis (1940-2020) of Georgia. Devoted to equality and justice for all Americans, Lewis spent more than 30 years in Congress steadfastly defending and building on key civil rights gains that he had helped achieve in the 1960s. Even in the face of hatred and violence, as well as some 45 arrests, Lewis remained resolute in his commitment to what he liked to call “good trouble.” The stamp features a ...
White House silent on whether it will return $5.2M in donations from SBF
White House press secretary, Karine Jean-Pierre, declined to answer questions from a reporter on whether United States president Joe Biden will return the $5.2 million in campaign donations previously given by FTX founder Sam Bankman-Fried. “Will the president return that donation?” Associated Press reporter Zeke Miller asked in a Dec. 13 press briefing, “does he call on all politicians who got campaign donations that may have come from customer money to return those funds?” “I’m covered here by the Hatch Act,” Jean-Pierre responded, adding she was “limited on what I can say.” ”Anything that’s connected to political contributions, from here I would have to refer you to the DNC,” she said in reference to the Democratic National Committee — the governing body of the U.S. Democrat...
