FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
TL;DR Summary
Former FTX executive Ryan Salame has been sentenced to 90 months in prison for conspiracy to make unlawful political contributions and operate an unlicensed money transmitting business. Salame's actions, in collaboration with FTX founder Samuel Bankman-Fried and others, involved using FTX and Alameda Research to transmit customer funds without a license and making over 300 illegal political contributions to influence legislation favorable to FTX. Salame was also ordered to pay over $11 million in forfeiture and restitution.
- Former FTX Executive Ryan Salame Sentenced To 90 Months In Prison Department of Justice
- FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison CNBC
- Ryan Salame, FTX Executive, Gets Seven and a Half Year Prison Sentence The New York Times
- FTX's Ryan Salame, One of Sam Bankman-Fried's Associates, Is Sentenced to 7½ Years The Wall Street Journal
- Ryan Salame, part of the ‘inner circle’ at collapsed crypto exchange FTX, sentenced to prison The Hill
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