Ryan Salame Pleads Guilty in FTX Case
posted 8 Sept 2023
In a recent courtroom confession, Ryan has agreed to pay a $6 million fine to the US government, reimburse FTX creditors with $5 million, and forfeit two Massachusetts properties along with his Porsche.
The former FTX executive admitted to illicit campaign financing and running an unlicensed money transfer business.
“I made $10 million in political contributions and called them loans, which I never intended to repay,” said Salame.
He could face up to 10 years in federal prison.
The former FTX executive admitted to illicit campaign financing and running an unlicensed money transfer business.
“I made $10 million in political contributions and called them loans, which I never intended to repay,” said Salame.
He could face up to 10 years in federal prison.
More breaking news
More breaking news
Breaking news
✨ WhiteBIT Auto-Invest: Crypto Investing Made Easy
