News

Former FTX Exec Ryan Salame Fails to Save His Partner

Key Points:

  • U.S. prosecutors reject claims that they breached former FTX exec Ryan Salame’s plea agreement or made promises about charges against his partner, Michelle Bond.
  • New filings reveal the former FTX exec’s alleged involvement in bribery and misuse of personal information.
In a recent court filing, U.S. prosecutors strongly denied violating a plea agreement with former FTX CEO Ryan Salame.

Read more: Former FTX Exec Ryan Salame Has Now Dropped His Guilt Retraction

Prosecutors Deny Breach of Plea Agreement with Ryan Salame

The Southern District of New York filing on September 5 was in response to Salame’s move to withdraw his guilty plea to a felony charge of campaign finance violations. The former FTX exec withdrew his motion on August 29, but a hearing in the case has been set for September 12.

The move comes amid allegations of government misconduct in threatening to prosecute his partner, Michelle Bond, and then seeking to dismiss any charges against her or overturn her conviction.

Former FTX exec Ryan Salame pleaded guilty to conspiracy to make illegal political contributions and operating an unlicensed money-transmitting business. He was sentenced to seven and a half years in prison and sought a delay in sentencing until October 13 due to a medical emergency.

Bond, a Republican candidate for a seat in the US House of Representatives in New York in 2022, faces charges related to funding her campaign with allegedly illegal funds. Salame argued that prosecutors used the plea negotiations as leverage against Bond by maintaining that he agreed to plead guilty based on assurances that the government would drop its investigation of her.

Prosecutors made clear that Salame’s plea agreement contained no promises related to the case against Bond and that he was trying to escape his sentence based on false statements.

Upcoming Hearing and Delayed Sentencing for Ryan Salame

The filing also contains new allegations against Salame, alleging involvement in a bribery scheme to unlock funds linked to Alameda Research. Notes from a video conference in April 2023 suggested that Salame may have used accounts opened under false identities and bribed Thai prostitutes. The revelations put Salame in the crosshairs of his alleged attempt to bribe Chinese officials to unlock large sums of money.

Salame, who pleaded guilty to conspiracy in September 2023, is scheduled to report on October 13.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

27 mins ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

3 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

5 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

6 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

9 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

12 hours ago

This website uses cookies.