{"id":31474,"date":"2024-05-28T17:08:29","date_gmt":"2024-05-28T17:08:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/former-ftx-exec-ryan-salame-sentenced-to-90-months-in-prison\/"},"modified":"2024-05-28T17:08:29","modified_gmt":"2024-05-28T17:08:29","slug":"former-ftx-exec-ryan-salame-sentenced-to-90-months-in-prison","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/former-ftx-exec-ryan-salame-sentenced-to-90-months-in-prison\/","title":{"rendered":"Former FTX exec Ryan Salame sentenced to 90 months in prison"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/ftx-ryan-salame-imprisoned-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/ftx-ryan-salame-imprisoned-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/ftx-ryan-salame-imprisoned-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/ftx-ryan-salame-imprisoned-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Ryan Salame sentenced to 90 months in prison.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Former FTX executive\u2019s sentencing comes two months after former CEO Sam Bankman-Fried was sentenced to 25 years in prison.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Former FTX executive Ryan Salame has been sentenced to 90 months in prison, the United States Attorney for the Southern District of New York Damian Williams has <a href=\"https:\/\/www.justice.gov\/usao-sdny\/pr\/former-ftx-executive-ryan-salame-sentenced-90-months-prison\">announced<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Salame previously pleeded guilty<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Salame\u2019s sentencing comes two months after former <a href=\"https:\/\/coinjournal.net\/news\/tag\/ftx\/\">FTX<\/a> CEO Sam Bankman-Fried <a href=\"https:\/\/coinjournal.net\/news\/bankman-fried-sentenced-to-25-years-in-prison\/\">received a 25-year sentence<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Previously, Salame had pleaded guilty to DOJ charges, including <\/span><span style=\"font-weight: 400\">conspiracy to make unlawful political donations, plans to deceive the Federal Election Commission and conspiracy to run an unlicensed money transfer business.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The prosecution said he worked on these alongside Bankman-Fried and other top FTX executive Nishad Singh.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As well as the 7.5-year sentence, the court has imposed a $6 million forfeiture and over $5 million in restitution order against the ex-FTX exec. He also faces a sentence of three years of supervised release.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a statement following the sentencing, Williams said:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cRyan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law.\u00a0 Salame\u2019s involvement in two serious federal crimes undermined public trust in American elections and the integrity of the financial system.\u00a0 Today\u2019s sentence underscores the substantial consequences for such offenses.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Salame became co-CEO of FTX Digital Markets Ltd, the Bahamas-based affiliate of the FTX crypto exchange that collapsed in 2022. <\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/former-ftx-exec-ryan-salame-sentenced-to-90-months-in-prison\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ryan Salame sentenced to 90 months in prison. Former FTX executive\u2019s sentencing comes two months after former CEO Sam Bankman-Fried was sentenced to 25 years in prison. Former FTX executive Ryan Salame has been sentenced to 90 months in prison, the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31474"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31474"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31475"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}