Former FTX Executive Denies Charges With 7.5-Year Prison Sentence
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Read more: FTX Insider Ryan Salame’s Shocking Guilty Plea Unravels Cryptocurrency Drama
Former FTX executive Ryan Salame was sentenced to 7.5 years in prison for illegal activities run at the collapsed cryptocurrency platform after claiming the federal prosecutors coerced his guilty plea by continuing to scrutinize his girlfriend, Michelle Bond.
According to his lawyers, in April 2023, the Manhattan U.S. Attorney’s Office agreed to shut down an investigation into Bond, a former congressional candidate and mother of his child, in return for a guilty plea. Salame claimed prosecutors broke the terms of his plea agreement and reopened the investigation.
The U.S. Attorney’s Office contended that Salame’s claims were untruthful and self-serving and that prosecutors explicitly told Salame that the terms of his plea agreement would not shield Bond from further investigation for his conduct.
The dispute is part of a broader probe into the November 2022 implosion of cryptocurrency exchange FTX, which imploded amid accusations of pervasive fraud.
Unlike other high-ranking FTX executives, Salame did not cooperate with prosecutors, and neither did he sign any cooperation agreement. His plea deal became part of far-reaching investigations against founder Sam Bankman-Fried of FTX, whom the prosecutors convicted for engineering one of the largest financial frauds ever committed and gave him a 25-year prison sentence.
Former FTX executive Ryan Salame asked U.S. District Judge Lewis A. Kaplan to quash an indictment of Bond or set aside his conviction.
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