Bill Clinton is in hot water after he was wrapped up in this disgusting scandal

Another scandal involving Bill Clinton is front and center.

He was hoping this one would never see the light of day.

But now Bill Clinton is in hot water after he was wrapped up in this disgusting scandal.

The sudden collapse of cryptocurrency exchange FTX is on track to be one of the biggest financial scandals in American history.

FTX founder and former CEO Sam Bankman-Friend embezzled billions of dollars from his client accounts while he was living the life of a high roller.

His scheme came crashing down after he was indicted by federal prosecutors on eight counts of fraud and conspiracy. 

Bankman-Fried spent lavishly on celebrity endorsements to give his shady business the appearance of credibility.

Former President Bill Clinton was one of the biggest names that gave his seal of approval to the disgraced former CEO’s shady business operations.

FTX paid Clinton $250,000 to give a speech at the Crypto Bahamas Conference last April.

A smiling Bill Clinton was photographed on stage with Bankman-Fried.

That paid speech was the start of a blossoming relationship between the Bankman-Fried and Bill and Hillary Clinton.

Bankman-Fried was connected to the Clintons through former Clinton aide Michael Kives, whose venture capital fund, K5 Global, received a reported $300 million investment from the disgraced FTX founder. 

K5 Global received the $300 million in funding from Bankman-Fried’s hedge fund, Alameda Research.

Bankman-Fried is accused of stealing funds from his customers accounts to fund risky investments through Alameda Research.

Shortly after Bill Clinton’s speech in the Bahamas, Bankman-Fried was invited to speak at the 2022 Clinton Global Initiative (CGI).

CGI is a charitable effort run by the notorious Clinton Foundation.

Bankman-Fried’s picture appeared with celebrities and prominent politicians on the website promoting speakers at the event.

A press release by the Clinton Foundation also referred to him as a speaker at the CGI.

Now that Bankman-Fried is knee deep in scandal, the Clintons are denying that he attended the event.

“SBF [Sam Bankman-Fried] was never on stage at CGI,” a spokesman for the Clintons told the New York Post. 

Bill Clinton’s paid speech in the Bahamas was off the record but reports say that the former President pushed a hands-off approach to cryptocurrency regulation.

Bankman-Fried became the second largest donor during the 2022 election cycle to Democrats with $73 million only behind left-wing billionaire George Soros.

FTX spent big lobbying the Biden White House and Democrat-controlled Congress over cryptocurrency regulations. 

Bill Clinton took a check from the disgraced FTX founder and helped dupe unwitting investors into thinking that company was on the up and up.

“The Clintons’ involvement gave (Sam Bankman-Fried) some air cover,” a source told the Post. 

Bill Clinton has refused to comment on his involvement with the Bankman-Fried or about returning the ill-gotten money he was paid for his speech.

The former President used his fame and prestige to give credibility to a gigantic con artist who stole billions from his unsuspecting clients. 

Stay tuned to Right News Wire  for any updates to this ongoing story.

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