Key Points:
According to reports, that pact—the linchpin of Salame’s decision to FTX plea deal guilty—had the government agreeing to drop an investigation into Michelle Bond, Salame’s partner and a well-known U.S. Republican congressional candidate who now serves as the CEO of a fintech think tank.
Things have since taken a turn as Manhattan federal prosecutors persist in investigating Bond for campaign finance violations involving Salame’s donations to her 2022 congressional campaign. Based on this continuing investigation, Salame’s lawyers reason that the government broke its promise to their client, thus breaching the FTX plea deal.
Read more: Former FTX Exec Ryan Salame Seeks Delay in Prison Surrender Due to Surgery
Salame—reversing his September 2023 guilty FTX plea deal to campaign finance violations and running an unlicensed money transmission business—maintains that prosecutors promised him that Bond would not be subject to any further criminal liability based on his cooperation, according to the filing. Federal prosecutors used plea negotiations to “threaten Michelle Bond,” the filing alleges, and the government broke its promise to stop investigating Bond if Salame pleaded guilty.
As such, Salame’s lawyers are crying for the court to enforce the original agreement by stopping the investigation of Bond or quashing Salame’s conviction entirely. In connection, it is argued that Salame can assert his right to require the government to honour his commitment to dismiss the petition against Bond or order specific performance.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Cayman Islands, UK, 22nd August 2024, Chainwire
Corporate Crypto Donations account for 48% of all corporate election money in the 2024 election…
If you're interested in finding the best Bitcoin casinos for your needs, head over to…
ETH gas fees are sustaining below the 2 Gwei threshold, signalling a significant downtrend in…
Some of the greatest free crypto mining apps for android will be shown to you…
TRON daily revenue dominates public chains with $3.84M in 24 hours, surpassing Ethereum and Solana…
This website uses cookies.