Nishad Singh, who gave Oregon Dems $500k in 2022, testified yesterday how he and other FTX officials fraudulently funneled stolen customer funds to political campaigns

The decision by U.S. prosecutors on Wednesday to drop a campaign finance charge against Sam Bankman-Fried may keep his trial focused on what the government considers his main crime: stealing billions of dollars from cryptocurrency customers at his now-bankrupt FTX exchange.

The Democratic Party of Oregon says it will send a half-million dollars to the U.S. Marshals Service to conform with a request from the U.S. Department of Justice

SALEM, Ore. (AP) — The Democratic Party of Oregon said Friday it will send a half-million dollars to the U.S. Marshals Service that had been donated by a former executive at the disgraced cryptocurrency exchange FTX , to conform with a request from the U.S.

A former executive at the disgraced cryptocurrency exchange FTX donated $500,000 to the state’s Democratic Party under a false name. Here are the events that led up to the misreported donation and Oregon’s response.

Rosenblum recused herself from the investigation into disgraced cryptocurrency executive Nishad Singh, whose $500,000 donation to the Democratic Party of Oregon was falsely reported as coming from a Las Vegas company. Rosenblum should have ensured independence long ago, considering the cozy relationship she and former Secretary of State Shemia Fagan have had with the Democratic Party.

The assistant attorney general representing the Elections Division wrote that a Democratic party official “should not have been — and any other reasonable person would not have been — satisfied when (donor Nishad Singh told the party) that Mr. Singh ‘prefers Prime Trust (though not strongly) so go w[ith] that.’”

Portland needs to make both short-term and long-term changes to the Small Donor Elections Program to ensure it remains free of political interference, write Amy Sample Ward, Berk Nelson and Cristina Nieves, who serve on the Portland Elections Commission.