Katie Hobbs, the reclusive Democrat who is alleged to have won the race for Arizona governor, is now reportedly tied to bankrupt cryptocurrency brokerage FTX to the tune of millions of dollars in political funds.
The rest of the U.S. continues to wonder how a candidate who did not meaningfully campaign or even debate was declared the winner over energetic conservative Kari Lake. Now a substantial part of the rigged game has been revealed.
FTX, the bankrupt crypto exchange formerly headed by disgraced entrepreneur Sam Bankman-Fried, donated at least $40 million to Democrats in recent months.
So FTX, the crypto company that was caught laundering money in ukraine, has connections with Katie Hobbs in Arizona, yet the media is silent.
— Kevin Sorbo (@ksorbs) November 26, 2022
A stunning $27 million alone went to the Phoenix-based PAC Protect Our Future, which lists Democratic activist and consultant Dacey Montoya as treasurer.
Her name commonly appears in Democrats’ dark money organizations. She also showed her support for both Katie Hobbs and Mark Kelly through social media postings.
For the record, Montoya’s consulting firm, The Money Wheel, reportedly received more than $134,000 from Protect Our Future. That’s along with $114,500 from the Katie Hobbs campaign and $372,427.25 from Mark Kelly’s organization.
Montoya has also chaired Democrat-aligned PACs Way to Lead and Not Our Faith. Both of these groups enjoyed strong funding from billionaire George Soros.
Her other PAC, Opportunity For Tomorrow, gave almost $195,000 to the FTX-supported organization.
Bankman-Fried and other FTX executives doled out a remarkable $70 million to political organizations — primarily Democrats — in 18 months, according to OpenSecrets.
Even in the corruption of Washington, this is raising giant red flags as investors and customers struggle to recoup even tiny fractions of what they’ve lost in FTX’s collapse.
Meanwhile, the Federal Election Commission (FEC) reports that Bankman-Fried’s payments to the Arizona PAC came in four multimillion-dollar payments from February to June.
The largest was $10 million on April 14.
Even as the dust settles on Arizona’s controversial governor’s race, one fact is becoming increasingly clear. Tens of millions poured into the coffers of those attempting to stifle the charge of a strong Republican, and much of it is traceable back to a firm where billions have virtually vanished.