FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

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Source: CNBC
FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
Photo: CNBC
TL;DR Summary

Ryan Salame, a former executive at FTX, has been sentenced to 7.5 years in prison and ordered to pay over $11 million in forfeiture and restitution after pleading guilty to conspiracy charges related to unlawful political contributions and operating an unlicensed money-transmitting business. Salame's sentence is the first among FTX's executive team following the company's bankruptcy in 2022.

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