


The Democratic Party of Oregon announced the return of $500,000 that was illegally donated by a former cryptocurrency executive to the United States Marshals Service as part of an agreement from several party lawmakers.
Senate Finance Committee Chairman Ron Wyden (D-OR), Sen. Jeff Merkley (D-OR), Rep. Earl Blumenauer (D-OR), Rep. Suzanne Bonamici (D-OR), Rep. Val Hoyle (D-OR), and Gov. Tina Kotek (D-OR) have agreed to use funds from their campaigns to front the cost, according to the Oregonian.
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The Democratic Party of Oregon PAC reported to state election officials in campaign finance records that the party received a sum of $500,000 from a cryptocurrency startup called Prime Trust. However, upon investigation by the Oregonian, the large campaign donations were revealed to come from Nishad Singh, a former executive at the embattled cryptocurrency exchange FTX, who falsely filed under Prime Trust.
Singh faces criminal charges for conspiracy and wire fraud brought by federal prosecutors, to which he pleaded guilty in February. Shortly after his guilty plea, the Securities and Exchange Commission charged him separately for being an "active participant” in scamming FTX’s investors, according to the SEC.
The money the Democratic Party of Oregon received from the FTX executive was spent on election efforts for Kotek.
A significant amount of funds went toward mailers targeting Republican gubernatorial candidate Christine Drazan during last year's gubernatorial race.
Last month, the Elections Division of the Secretary of State’s Office issued a $15,000 fine to the Democratic Party of Oregon for wrongly reporting the source, following a seven-month investigation into the party, as stated in a final order from the division.
Oregon Senate Republicans demanded that state Democrats send back the $500,000 campaign donation, expressing their disdain in a statement at the end of May.
“The culture of corruption among top Oregon Democrat politicians is increasingly evident and incredibly disturbing,” state Senate Minority Leader Tim Knopp, a Republican, said in a press statement. “We have argued since the beginning of Session that the need for accountability and transparency has never been greater. We have also argued that investigations must be conducted by outside, independent counsel. They can’t escape this any longer.”
A new investigation from the Oregonian unveiled records showing Wyden’s staffers had knowledge about the true origins of the money. However, the Secretary of State’s Office’s investigation did not mention Wyden’s relations.
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A Wyden spokesperson said the senator is also returning separate funds that were donated to the Oregon Democratic Party by Sam Bankman-Fried, the FTX founder who is also facing multiple criminal charges related to the collapsed cryptocurrency company.
The Washington Examiner reached out to Wyden's office for a comment.