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Home»ADOPTION NEWS»Former FTX executive Ryan Salame was sentenced to 7 years and 6 months in prison.
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Former FTX executive Ryan Salame was sentenced to 7 years and 6 months in prison.

By Crypto FlexsOctober 12, 20244 Mins Read
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Former FTX executive Ryan Salame was sentenced to 7 years and 6 months in prison.
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Former FTX executive Ryan Salame was sentenced to 7 years and 6 months in prison in Maryland, records show.

Salameh, the former co-CEO of FTX Digital Markets, was in custody at FCI Cumberland, Maryland, as of Saturday morning, according to the federal Bureau of Prisons website. Prison is “It is a medium-security federal correctional institution with an adjacent minimum-security satellite camp.” The number of prisoners is said to be over 1,000. website.

On Thursday, Salame shared a post on LinkedIn that appeared to mock her situation.

“I am excited to share that I am starting a new position as an inmate at FCI Cumberland,” Salame posted.

Salameh argued feeling guilty Last September, charges including conspiracy to donate illegal political funds and conspiracy to operate an unlicensed money transfer business were applied. He worked closely with former FTX CEO Sam Bankman-Fried. Bankman-Fried sentenced He was sentenced to nearly 25 years in prison after a fraud trial late last year. Former Alameda CEO Caroline Ellison sentenced Her role in the FTX collapse stretched from last month to two years.

Dog Bite Delay Denied

At the last moment, Salameh’s lawyers asked A court filing on Wednesday asked whether he could begin his prison sentence on December 7 to receive treatment after being injured by a dog over the summer. Salame previously requested that his prison time be served: back He returned from August to October for emergency surgery after the dog incident, which was upheld by the court. Salameh’s lawyers said he saw a doctor on July 3 and was evaluated “after suffering a dog bite wound to his face,” according to previous filings.

U.S. District Judge Lewis Kaplan denied Salameh’s request on Friday and said Salameh appeared to have “recovered significantly,” pointing to an interview with conservative political commentator Tucker Carlson.

“He recently participated in a video interview with Tucker Carlon, during which he physically recovered and appeared completely unscathed while answering questions,” Caplan said.

In the interview, Salameh criticized the judge, saying he “caught up everything that wasn’t true,” including saying FTX withdrew money before filing for bankruptcy. At the sentencing hearing, Judge Kaplan said Salameh put himself first.Let’s board the lifeboat first. According to several news reports, they are trying to harass all their customers.

“Everything was strange, the whole experience.” Salameh said.

Salameh’s partner, Michelle Bond, was also charged. she was criminal charged He was indicted last August on charges of conspiring in an illegal campaign financing scheme.

slave ran He failed to secure a seat in the U.S. House of Representatives as a Republican in New York’s 1st District in 2022. Prosecutors soon revealed that Bond’s romantic partner, who was a “senior executive of a Bahamas-based subsidiary of a now-defunct cryptocurrency exchange,” arranged a “sham consulting agreement” between Bond and the exchange.

According to the indictment, Bond received $400,000 through this arrangement and allegedly used the money to illegally fund his campaign.

Salameh has aggressively fought back against Bond’s charges, accusing prosecutors of using the plea deal to “threaten” his partner and the mother of his 8-month-old child, and he wants the government to close its investigation into Bond. He added that he only pleaded guilty on a promise to stop. Salameh decided to either dismiss his partner’s charges or, alternatively, overturn his conviction. Prosecutors said Salameh’s request was “factually unfounded” and made clear his guilty plea would not stop the investigation into Bond at the May 2023 meeting.

Salame told Carlson that he plans to teach courses on digital assets and economics while in prison.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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