Key Takeaways:
- Former FTX exec Ryan Salame misled the court about a promise regarding his partner in his plea agreement, leading to potential sanctions.
- Prosecutors denied any agreement to drop investigations into Michelle Bond, despite Salame’s claims.
- Bond, linked to illegal contributions during her 2022 congressional campaign, faces a potential 20-year prison sentence.
Ryan Salame, a former FTX executive who pleaded guilty to campaign finance violations, faces potential sanctions after admitting he misled the court about the details of his plea agreement.
Salame claimed that prosecutors had promised to drop any investigations into his partner, Michelle Bond, as part of the deal.
Ryan Salame, a former executive at FTX, has withdrawn his attempt to have an indictment dismissed, which was related to a disagreement concerning the investigation of Michelle Bond.👀 pic.twitter.com/ZCNeUHL8YQ
— Crypto Crib (@Crypto_Crib_) September 12, 2024
However, during a recent hearing, federal Judge Lewis Kaplan expressed frustration, stating that Salame had provided false testimony during his plea allocution, leading to his conviction and sentencing.
Salame’s defense argued that his plea was based on the belief that Bond would not face further scrutiny.
Prosecutors, however, denied any such promises, showing emails that confirmed no agreements regarding Bond were made.
FTX endgame: Ryan Salame was just grilled by SDNY Judge Kaplan for 40 minutes and said his guilty plea allocution was not true, his previous lawyers told him prosecutors assured they wouldn't indict Bond. Judge says he's "taking under advisement" – story coming pic.twitter.com/EUKGJUA5F5
— Inner City Press (@innercitypress) September 12, 2024
Bond, who allegedly received illegal contributions from Salame and other FTX employees during her 2022 congressional campaign, could face up to 20 years in prison.
While Judge Kaplan considers the next steps, Salame has been ordered to report to prison by October 11.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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