Key Takeaways:
- Ryan Salame withdraws plea challenge: Former FTX Digital Markets co-CEO Ryan Salame has withdrawn his petition to overturn his guilty plea related to campaign finance and money-transmitting violations.
- Legal strategy tied to partner’s case: Salame’s decision to withdraw is influenced by the ongoing legal case of his partner, Michelle Bond, who faces similar charges.
- Campaign finance violations under scrutiny: Both Salame and Bond are accused of using FTX-related funds to support Bond’s 2022 congressional campaign.
Ryan Salame, former co-CEO of FTX Digital Markets, has withdrawn his petition to overturn his guilty plea related to campaign finance and money-transmitting violations.
In an August 29 filing, Salame’s legal team indicated that his decision was influenced by his partner, Michelle Bond’s, ongoing legal case, where the issues might be addressed.
Ryan Salame has withdrawn his petition from a week ago, in which he claimed the government had reneged on a promise not to continue their campaign finance investigation into his partner, Michelle Bond.https://t.co/f0okZChT4J
— Molly White (@molly0xFFF) August 29, 2024
Bond, also facing criminal charges, was indicted for campaign finance violations tied to her 2022 congressional run.
The couple is accused of using FTX-related funds to support her campaign.
Federal prosecutors charged crypto lobbyist Michelle Bond with conspiring with her romantic partner, former FTX executive Ryan Salame, to illegally fund her failed 2022 congressional bid https://t.co/fWf1fF6hRJ
— WSJ Business News (@WSJbusiness) August 22, 2024
Salame initially sought a writ of error coram nobis to overturn his guilty plea and a 90-month prison sentence but chose to withdraw to allow Bond’s case to address the matter.
Both Salame and Bond remain free on bail, sharing a nine-month-old child.
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