Reform UK seeks probe over £37,500 in Streeting donations linked to Bankman-Fried

Reform UK chair Lee Anderson has asked for an investigation into £37,500 in donations made to UK Defence Secretary Wes Streeting by Labour for the Long Term, after a Telegraph investigation linked the think tank's support to a £500,000 contribution Sam Bankman-Fried made to founder David Lawrence in July 2022. LLT paid Streeting £30,000 in August 2022 and £7,500 in August 2023 to fund a part-time policy adviser before the organisation later ceased operations. Streeting says the donations were properly declared and that he did not know the original source of LLT's money, while Lawrence says the Streeting payments came from a separate pool of funds. The episode has sharpened questions about UK donation rules, which require disclosure of the immediate donor but not deeper tracing of funds, as US authorities have already pursued clawbacks of political money tied to Bankman-Fried's misuse of FTX customer assets.

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