Oregon prosecutors won’t charge state Democratic Party leaders, convicted crypto exec with breaking campaign finance law

Mailer

A mailer by the Democratic Party of Oregon attacking Republican candidate Christine Drazan lists the Las Vegas cryptocurrency startup Prime Trust as a donor. After The Oregonian/OregonLive asked the Democratic Party of Oregon about Prime Trust, the party said it actually received $500,000 from Nishad Singh, director of engineering for the cryptocurrency exchange FTX, not Prime Trust.Hillary Borrud/The Oregonian

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Oregon Department of Justice officials announced Wednesday that they closed their investigation into a former cryptocurrency executive’s $500,000 political donation to the state Democratic Party in 2022 without finding enough evidence to prove the misreported contribution criminally violated state campaign finance laws.

Nishad Singh, who in 2022 was an executive at FTX, sent the Democratic Party of Oregon its largest donation on record in the final weeks of the competitive 2022 election for governor. At the time, Democrats reported the money was from a Las Vegas payment processing company called Prime Trust. After The Oregonian/OregonLive inquired about the transaction, the party said the money was actually from Singh.

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