US government seeks return of $13 million in political donations from former FTX executives

The U.S. government has been given more time to negotiate with certain political action groups over the return of up to $13.25 million in donations made in the names of former FTX executives Sam Bankman-Fried and Nishad Singh, a recent filing shows. The political groups in question are mostly Democrat-aligned and include the Senate Majority PAC, Emily’s List/Women Vote, and the Future Forward PAC, which received $6 million. Singh was recently sentenced to time served and three years of supervised release, allowing the former FTX engineering director to avoid prison time.