Sam Bankman-Fried reportedly had dinner with Hillary Clinton after pumping $200M into former Clinton aide's firm

Former FTX Director of Engineering Nashad Singh told jurors that company founder Sam Bankman-Fried spent massive amounts of money on venture capitalism and celebrity endorsement deals.

Singh is the latest of Bankman-Fried's former colleagues to testify in court, adding to a plethora of accusatory statements alluding to fraud, bribery, and unmitigated spending using customer funds.

Singh testified that he had told Bankman-Fried that he was “embarrassed” and “ashamed” about how the company would spend the money but continued to approve spending anyhow, CNBC reported.

Despite saying the company's spending “reeked of excessiveness” and “flashiness," Singh reportedly admitted that he still explicitly gave the go-ahead to spend even after he knew customer money was involved.

Bankman-Fried and Singh met in high school. Singh worked at Facebook before joining Alameda Research, FTX's sister hedge fund, in 2017. Singh lived in Bankman-Fried's infamous property in the Bahamas and said that he had “always been intimidated by Sam” and called him a “formidable character.”

Singh alleged that he first learned of Bankman-Fried's excessive spending in 2022.

Court documents showed a spreadsheet of investments that included $1 billion to cryptocurrency platform Genesis, $499 million to AI start-up Anthropic, and $200 million to investment firm K5 Global. K5 Global was co-founded by Michael Kives, who "worked in Senator Hillary Rodham Clinton's D.C. office as an Aide to Chief of Staff Huma Abedin."

Singh alleged that Bankman-Fried sent him a terms sheet that detailed hundreds of millions in bonuses going toward Kives and co-founder Bryan Baum. Their portfolio includes investments in SpaceX, the Boring Company, and Kendall Jenner's 818 Tequila.

A spreadsheet showed that the investment money came from Alameda, whose money comes from FTX. Alameda had a $65 billion line of credit with FTX, which eventually resulted in an $8 billion debt made up of customer deposits.

Following his investment, Bankman-Fried allegedly attended a K5 dinner with Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, and Kris and Kylie Jenner.

In addition to the investments, the jury reportedly received a different spreadsheet that detailed celebrity sponsorship deals. Among them was a $205 million price tag for the naming rights to Miami's then-FTX Arena, $150 million to become the "official cryptocurrency exchange brand" of Major League Baseball, $50 million to NFL legend Tom Brady, $28.5 million to NBA star Steph Curry, and $10 million to "Seinfeld" creator Larry David.

In total, FTX shelled out $1.13 billion in endorsement deals.

Bankman-Fried was accused days earlier in testimony by Caroline Ellison of using customer deposits to bribe Chinese officials to gain access to money stuck in China. Ellison, who was head of Alameda and the ex-lover of Bankman-Fried, also alleged that the company tried to regain the money through accounts set up in the names of Thai prostitutes.

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