Sam Bankman-Fried’s mother helped craft a strategic memo that guided the Democratic Party’s 2020 election strategy – with shrewd tactics that proved to be wildly successful but which were also illegal, in accordance with a bombshell report from a right-leaning political research firm.
Barbara Fried, who ran Democratic Super PAC Mind the Gap, authored a memo in late 2019 that encouraged Democrats to present to a 501(c)(3) often known as The Voter Registration Project or Everybody Votes.
The Stanford professor argued that getting more Democrats registered to vote could be far simpler than simply donating to candidates, and encouraged donors to present 90% of their election contributions to Everybody Votes.
“Non- partisan voter registration” charities are “4 to 10 times cheaper” at “netting additional Democratic votes,” Fried wrote within the memo.
The charity ended up raising a whopping $190 million, in accordance with recent filings cited by the Capital Research Center.
Unlike PACs which generally report donations quarterly, many charities don’t reveal donations until years after – partly due to IRS’s backlog in releasing 990 forms.
![Barbara Fried](https://nypost.com/wp-content/uploads/sites/2/2023/08/sbf-mom2.jpg?w=1000)
Charities and foundations are also strictly forbidden by law to operate with the effect, much less the intent, of benefiting a political party, in accordance with Parker Thayer, writer of the bombshell report.
Indeed, Fried wrote that it was vital to maintain the strategy quiet.
It “managed to remain out of the news and so far as we all know out of Republicans’ sight-lines,” Fried wrote. “It can come as no surprise to Republicans—and be of little interest—that one more organization is attempting to fund voter registration in battleground states.
“However the magnitude of our efforts, the main points of targeting, and the names of the organizations we’re recommending could be of great interest to them.”
“That is the darkest of dark money,” longtime GOP fundraiser and strategist told On The Money. “The 2020 presidential election witnessed an unprecedented and underreported influx of cash from nonprofits.
The news comes just days after federal prosecutors accused Bankman-Fried of using $100 million in stolen customer funds for political donations. While there’s no evidence that he gave money to voter registration efforts or that his mother was involved in any wrongdoing, it underscores the impact all the family had on politics.
In 2020, Vox reported on the memo from Mind The Gap and the hundreds of thousands the group raised aimed to lift.
But the brand new report from Capital Research Center reveals how effective the memo was with Democratic mega donors. Warren Buffett’s charitable foundation, the Susan Thompson Buffett Foundation, donated $5 million to voter registration efforts while George Soros donated $10.4 million, the report adds.