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.
Ryan Salame, the former co-chief executive of FTX Digital Markets, is the fourth high-ranking official at the company or its affiliates to plead guilty to criminal charges.
Salame, 30, entered his plea before a judge in Manhattan, admitting to the court that he illegally used millions of dollars from a hedge fund controlled by Bankman-Fried to make political contributions in 2020 and 2021 to both Democrats and Republicans. A lawyer for Salame, Jason Linder, didn’t immediately return an email seeking comment. Salame’s sentencing was tentatively scheduled for March. He was ordered released from federal custody until then.
Three other executives close to Bankman-Fried have already pleaded guilty: Caroline Ellison, Nishad Singh and Gary Wang.Bankman-Fried has pleaded not guilty. He was free on bail while awaiting trial, but he was recently jailed after a judge ruled that he had tried to influence potential witnesses in the case, including by giving Ellison’s private writings to news organizations.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Former FTX Executive Ryan Salame Will Plead Guilty to Charges: BloombergRyan Salame was co-CEO of FTX Digital Markets and handled political donations for the crypto exchange.
Les mer »
Former FTX Executive Ryan Salame Expected to Plead Guilty in Crypto-Exchange’s CollapseSalame would be the fourth associate of FTX founder Sam Bankman-Fried to plead guilty.
Les mer »
Former crypto executive the latest to face charges in collapse of FTX exchangeAnother top executive at the failed FTX cryptocurrency exchange is scheduled to appear in court in New York Thursday afternoon to face undisclosed criminal charges.
Les mer »
Former FTX exec Salame to forfeit $1.5 billion, pleads guilty to two criminal countsFormer FTX executive Ryan Salame pleaded guilty Thursday to federal campaign finance and money-transmitting crimes, and agreed to forfeit more than $1.5 billion. This is breaking news. Please check back for updates.
Les mer »
Former FTX exec will give up real estate, car and $11M following guilty plea: ReportHaving pleaded guilty to charges related to violations of U.S. campaign finance laws, Ryan Salame could face years in prison and millions of dollars in penalties.
Les mer »
Ex-FTX exec Ryan Salame to plead guilty to criminal charges: BloombergFormer FTX exec Ryan Salame plans to plead guilty to criminal charges, joining others in SBF's inner circle who have done the same.
Les mer »