S.B.F. Informants & a Strange DeSantis Bedfellow

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Welcome back to The Stratosphere, and a happy 70th to Puck subscriber Ervin Schleifer in Camden, Delaware.

We have two stories in today’s edition. First, a look at whether any of the political aides who worked for Sam Bankman-Fried face any possible legal exposure from the Department of Justice, which I report has been issuing subpoenas to a number of them. Will D.O.J. be satisfied with the heads of Sam, Nishad and Ryan—or will they go further down the totem pole?

Then, below the fold, a look at a new, controversial strategy from LinkedIn billionaire Reid Hoffman to engage in the 2024 primary—among Republicans. If you’re following the battle between DeSantis and Trump, you’ll want to scroll down for that.

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S.B.F. Informants & a Strange DeSantis Bedfellow

New details on the subpoenas and next cards to flip in the FTX campaign-finance case. Plus, why Reid Hoffman might be offering some unlikely assistance to DeSantis.

TEDDY SCHLEIFER

Who knew what, and when? In the aftermath of FTX cofounder Nishad Singh’s guilty plea, the haze of paranoia surrounding Sam Bankman-Fried’s former associates has narrowed to that simple question. Last month, with Singh’s cooperation, federal prosecutors unveiled new details of S.B.F.’s alleged straw-donor scheme, depicting a sophisticated and highly choreographed endeavor wherein Bankman-Fried effectively embezzled tens of millions of dollars in customer deposits to Singh and another FTX executive, co-C.E.O. Ryan Salame, to make political contributions in their names. Is it really possible that...

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