Former FTX executive Ryan Salame to plead guilty to criminal charges
- Ryan Salame, a former executive of FTX, has pleaded guilty to violating campaign finance laws and running an illegal money-transmitting business in connection with the collapse of the cryptocurrency exchange. He has agreed to surrender more than $1.5 billion to authorities. Sam Bankman-Fried, the founder of FTX, is set to go on trial in October on fraud charges related to the bankruptcy of the exchange.
- Salame admitted to using money from Alameda Research, a hedge fund affiliated with FTX, to make illegal campaign donations. He also used false names to exceed legal limits. Salame's guilty plea follows those of three other top executives from Bankman-Fried's companies who pleaded guilty to similar charges.
- Prosecutors have accused Bankman-Fried of misusing funds from investors and customers to pay for property, political donations, and cover losses at his hedge fund. Although Salame has agreed to surrender $1.5 billion, authorities have indicated they would accept a smaller amount as part of the plea deal.
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74 Articles
Executive admitted his participation in campaign finance violation and illegal money transfer
Former FTX crypto executive pleads guilty to making millions in illegal campaign contributions - West Hawaii Today
NEW YORK — A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business.
Former FTX exec Ryan Salame pleads guilty
Ryan Salame, a former executive at now bankrupt cryptocurrency exchange FTX and top lieutenant to the company's founder, Sam Bankman-Fried, pleaded guilty on Thursday to making tens of millions of dollars in unlawful campaign donations to boost causes supported by his boss. Gabe Singer reports.
Former FTX exec Ryan Salame pleads guilty
Ryan Salame, a former executive at now bankrupt cryptocurrency exchange FTX and top lieutenant to the company's founder, Sam Bankman-Fried, pleaded guilty on Thursday to making tens of millions of dollars in unlawful campaign donations to boost causes supported by his boss. Gabe Singer reports.
Former FTX CEO To Forfeit $1.5 Billion, Pleads Guilty To Federal Campaign Finance And Money-Transmitting Crimes
Former FTX CEO To Forfeit $1.5 Billion, Pleads Guilty To Federal Campaign Finance And Money-Transmitting Crimes With Biden's weaponized Dept of Justice intending to seek a second indictment of Hunter Biden after the catastrophic disaster that was the government's first sweetheart plea deal, which revealed the corruption of "special counsel" David Weiss, who now is scrambling to slap Hunter's wrist for the second time over a, drumroll, gun charge…
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