Ex-FTX Exec Ryan Salame Accuses Government of Plea Deal Violation

Last Updated on August 22, 2024

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Hammer on the table on the background of the FTX logo. The concept of the trial. Source: Александр Поташев - stock.adobe.com

Key Takeaways:

  • Ryan Salame, ex-FTX executive, claims the government breached his plea deal by continuing to investigate Michelle Bond, his partner.
  • Salame’s attorneys argue that federal prosecutors promised to cease investigating Bond, tied to her 2022 campaign finance allegations.
  • Salame’s legal team seeks to enforce this agreement or vacate his conviction, hoping to reveal broader legal injustices.

Ryan Salame, a former FTX executive, claims that the government violated his plea deal by continuing to investigate Michelle Bond, CEO of fintech think tank ADAM and Salame’s partner.

Salame’s attorneys argue that the plea agreement included a promise from federal prosecutors to stop investigating Bond, who is under scrutiny for alleged campaign finance violations during her 2022 congressional campaign.

Salame, sentenced to 7.5 years in prison for campaign finance violations and operating an unlicensed money transmitting business, contends that prosecutors pressured him into pleading guilty by promising to end Bond’s investigation.

Salame’s legal team is requesting the court to enforce this agreement or vacate his conviction.

Salame hopes this move will inspire others to expose similar injustices in the legal system.

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