Key Takeaways:
- Michelle Bond, a former SEC lawyer, has been indicted for accepting illegal campaign contributions during her 2022 congressional campaign.
- Bond allegedly received over $1.5 million from her then-boyfriend, ex-FTX executive Ryan Salame, violating election finance rules.
- Bond is accused of filing misleading ethics documents to hide the true source of the funds, which Salame funneled through various channels.
Michelle Bond, a former SEC lawyer and prominent crypto advocate, has been indicted on charges of accepting illegal campaign contributions during her 2022 congressional campaign.
The indictment alleges that Bond received substantial financial support from her then-boyfriend, Ryan Salame, a former FTX executive, in violation of election rules that require self-funded candidates to use their own money.
Ex-Congressional Candidate Charged With Illegally Using FTX Cash to Fund Failed Campaign
— Decrypt (@decryptmedia) August 22, 2024
► https://t.co/Ihq7CKwJWb https://t.co/Ihq7CKwJWb
The funds were reportedly funneled through various channels, and Bond is also accused of filing misleading ethics documents to conceal the true source of the contributions.
Salame, who recently received a 7.5-year sentence for related offenses, is believed to have provided the bulk of Bond’s campaign funds, which exceeded $1.5 million.
Former FTX executive Ryan Salame’s domestic partner was charged with campaign finance violations Thursday, a day after Salame asked a judge to vacate his conviction or block her indictment. https://t.co/00BJy7sI3f
— Bloomberg Markets (@markets) August 22, 2024
Bond’s campaign ultimately failed, garnering less than 30% of the vote in the Republican primary.
Despite her recent attempts to re-engage in crypto policy, Bond has declined to comment on the indictment.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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