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Teddy Schleifer Profile picture
@teddyschleifer
Jul 27 • 5 tweets • 2 min read Twitter logo Read on Twitter
🚨🚨Huge money-in-politics news.

The Southern District of New York is dropping its federal prosecution of Sam Bankman-Fried on campaign-finance charges, per new letter from prosecutors.

“The Government does not intend to proceed to trial on the campaign contributions count.”… https://t.co/lnJ25NcB6Mtwitter.com/i/web/status/1…
Image
This has massive ramifications for:

— Gabe Bankman-Fried, who led SBF’s political operation and now seems unlikely to face charges

— Ryan Salame, the GOP donor prosecutors have been encircling

— Maybe Nishad Singh, but he already pled guilty to campaign-finance violations
SBF essentially got off on a technicality.

SBF was extradited in December from the Bahamas to the US to face a set of specific charges.

The Feds believed that included campaign finance charges. SBF challenged that, and the Bahamas just agreed with him — so the Feds dropped it.
JFC, I swear to God … the news in the SBF case only happens when I’m on vacation and I have to break my no-tweeting rule.

Anyway, Switzerland is cool. Image
Sign up for more coverage of Sam Bankman-Fried, billionaires and money-in-politics, here:

puck.news/newsletters/th…

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More from @teddyschleifer

Teddy Schleifer Profile picture
Mar 14
Strange Bedfellows Alert —

@DavidSacks is doing a fundraising dinner for @RoKhanna later this month, per invite.

Tickets from $3,300 to $13,200. Image
@DavidSacks @RoKhanna Sacks is a center-right VC who is becoming a bigger and bigger player in Republican fundraising.

Khanna is a Democratic congressman who co-chaired Bernie Sanders's campaign and might run for the nomination for U.S. Senate.

But they're both big on protecting free-speech rights.
@DavidSacks @RoKhanna David Sacks is also a fan of how Ro Khanna has handled the Silicon Valley Bank situation, although the planning for this event predates the current crisis.

Read 5 tweets
Teddy Schleifer Profile picture
Jan 13
Sequoia’s @Alfred_Lin in an interview with @Cookie on the firm’s investment in FTX:

“The SEC has a lot of smart people. They’ll get to the bottom of this.”

Believe this is Sequoia’s first public interview about their … historically bad bet in Sam Bankman-Fried. twitter.com/i/web/status/1…
Sequoia’s Alfred Lin on investing in FTX:

“The thing that gets me to reassess is not that we made the investment. It’s the year-and-half relationship working afterwards — I still didn’t see it. And that’s difficult.”
Do you have any sympathy for Sam Bankman-Fried?

Sequoia’s Alfred Lin: “I feel bad for him that he had to resort the type of things that he did to raise money, or prop up the company etc. He could have done it in a much more legit way.”
Read 4 tweets
Teddy Schleifer Profile picture
Jan 12
A few remainders from my interview with Sam Bankman-Fried.

"You probably wish the trial was tomorrow," I told him.

"Part of me certainly does,” SBF said, because he wanted to “try and return things a little bit more to the facts of the matter.”

puck.news/the-only-livin…
Sam Bankman-Fried is very isolated. He said he has not talked with Caroline Ellison, Nishad Singh or Gary Wang since mid-November.

I asked if he had any best friends from school or childhood

“A lot of the people who I was closest to were my colleagues."

puck.news/the-only-livin…
For two years or so, people were obsessed with Sam Bankman-Fried and his money.

“For a number of years, I was incredibly lucky and fortunate in terms of a lot of the relationships and support that I had,” he said. “Now there’s basically nothing left."

puck.news/the-only-livin…
Read 5 tweets
Teddy Schleifer Profile picture
Nov 11, 2022
🚨 JUST IN —

The entire team behind the FTX Future Fund, the Sam Bankman-Fried philanthropy, has resigned.

A holy-shit moment in the world of effective altruism.
"We are now unable to perform our work or process grants, and we have fundamental questions about the legitimacy and integrity of the business operations that were funding the FTX Foundation and the Future Fund. As a result, we resigned earlier today."
"To the extent that the leadership of FTX may have engaged in deception or dishonesty, we condemn that behavior in the strongest possible terms. We believe that being a good actor in the world means striving to act with honesty and integrity."
Read 6 tweets
Teddy Schleifer Profile picture
Nov 9, 2022
NEW @PuckNews —

The inside story of Peter Thiel's $30 million political experiment in Ohio & Arizona.

What he has told friends about J.D. Vance & Blake Masters.

Why he was so cheap with Mitch McConnell.

And the $20 million he almost donated—but didn't

puck.news/the-achilles-t…
@PuckNews NEWS:

Peter Thiel vetted a plan just before Labor Day to spend $20 million to back J.D. Vance in Ohio and Blake Masters in Arizona, but ultimately turned it down.

Would've been a huge investment with tons of consequences across the GOP Senate map.

puck.news/the-achilles-t…
@PuckNews What's next for Peter Thiel in 2024?

“He makes periodic claims at random dinner parties or whatever that he’s just totally over politics, and thinks the whole thing is dumb and then six months later he can’t stay out of it."

puck.news/the-achilles-t…
Read 5 tweets
Teddy Schleifer Profile picture
Nov 4, 2022
Peter Thiel, kicking things off at Stanford's Academic Freedom conference, says the "antonym of diversity" is "university."
Peter Thiel says he wonders whether the "STEM propaganda" is true — whethe the world is really seeing science & technology progress.

"If one could show that the science and technology areas are pretty weak ... this strikes me a decisive, crushing blow" to American universities.
Peter Thiel on TWITTER and Elon.

"Even those 4,000 people can go to the office and smoke pot all day and earn decent paychecks."

But ... "It doesn't quite work at taking civilization to the next level."
Read 6 tweets

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