The Hidden Costs of Political Advertising and Its Legal Loopholes

During the 2022 election cycle, crypto mogul Sam Bankman-Fried gave as much as $40 million in political donations. That whopping sum caught the attention of campaign finance watchdogs, even before Bankman-Fried was arrested and charged with various financial crimes. Michael Lewis talks to Jordan Libowitz of the Campaign for Responsibility and Ethics in Washington (CREW) to understand the complex world of campaign finance law. And we hear why SBF, in confessing his dark-money deeds, may be a game changer. (NOTE: after this episode was recorded, federal prosecutors announced they were dropping a campaign finance charge against Bankman-Fried.)

Go to atrpodcast.com to submit a question for Michael to answer in an upcoming episode.

See omnystudio.com/listener for privacy information.