tldrdaily.news logo
Tag

Ryan Salame

All articles tagged with #ryan salame

FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
cryptocurrency1 year ago

FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

Ryan Salame, a former executive at FTX, has been sentenced to 90 months in prison, followed by three years of supervised release, and ordered to pay over $11 million in forfeiture and restitution. This sentence, which exceeds the prosecution's recommendation, comes amid FTX's bankruptcy proceedings and efforts to repay creditors. Despite the legal turmoil, the crypto market remains resilient, showing positive trends. Salame's case is notable for its inclusion of campaign finance law violations, which may have influenced the harsher sentence.

via AMBCrypto News|
#bankruptcy#crypto-market#cryptocurrency
FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
crime1 year ago

FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

Former FTX executive Ryan Salame has been sentenced to over seven years in prison for his role in the collapse of the cryptocurrency exchange, including making illegal campaign contributions and operating an unlicensed money-transmitting business. Salame, who was co-CEO of FTX Digital Markets, cooperated with prosecutors but did not testify against FTX founder Sam Bankman-Fried. Three other high-level FTX executives are also awaiting sentencing.

via The Associated Press|
#crime#cryptocurrency#ftx
FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
crime1 year ago

FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

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.

via CNBC|
#crime#fraud#ftx
crime1 year ago

FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison

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.

via Department of Justice|
#crime#ftx#money-laundering
FTX Executive Ryan Salame to Plead Guilty in Fraud Case
cryptocurrencyfraud2 years ago

FTX Executive Ryan Salame to Plead Guilty in Fraud Case

Ryan Salame, a former executive at cryptocurrency exchange FTX, is expected to plead guilty to criminal charges related to the fraud case against FTX founder Sam Bankman-Fried. Salame, who ran FTX's subsidiary in the Bahamas and was a donor to Republican politicians, will become the fourth executive in Bankman-Fried's inner circle to admit to criminal conduct since FTX collapsed in November. This development increases the legal pressure on Bankman-Fried, who is set to stand trial on fraud charges starting October 3rd.

via The New York Times|
#cryptocurrencyfraud#fraud-case#ftx
FBI Raids Home of FTX Executive
business2 years ago

FBI Raids Home of FTX Executive

The FBI has searched the home of Ryan Salame, a former top executive at cryptocurrency exchange FTX and a major Republican donor. Salame has been under scrutiny for his role in FTX's collapse and his $24 million in campaign contributions during the 2022 midterm elections. Federal authorities have claimed that most of the $90 million contributed to political candidates by former FTX employees, including Salame, had been misappropriated from customers of the exchange. The search signals that the investigation into FTX's collapse is ongoing as Sam Bankman-Fried's trial approaches in October.

via The New York Times|
#business#cryptocurrency#fbi