US Senator Implicated in Misreported FTX Donation to Oregon Democrats

A probe by the state of Oregon has unveiled a falsely registered donation by FTX to the Oregon Democratic Party. The published findings appear to implicate a high-ranking senator and his staff. Ironically, the senator in question is a populist who would presumably be against the surreptitious role of corporate cash in elections.

A report published by Oregon Live on Tuesday described the outcome of an investigation by the Secretary of State’s Office. It has found that a fundraiser linked to US Senator Ron Wyden, an Oregon Democrat, coordinated an illegal $500,000 donation from an FTX executive to the state Democratic Party. The probe also revealed the involvement of two long-time Wyden campaign staffers in the transaction.

A Misrepresented FTX Donation

Oregon law prohibits making or accepting campaign contributions under false names. However, in the case of the $500,000 donation last year from FTX executive Nishad Singh to the Democratic Party of Oregon, the contribution was misreported as coming from a payment processor instead of Singh himself, Oregon Live noted.

The payment is the single largest campaign donation on record, according to Oregon Live. The Secretary of State’s case file has remained closed, and there is little information on how the Democratic Party of Oregon achieved that large of a donation and on what terms.