Federal Prosecutors Investigating Former FTX Executive Ryan Salame’s Involvement in Michelle Bond’s Congressional Race
According to a report by the Wall Street Journal, federal prosecutors are currently investigating Ryan Salame, a former executive at FTX, for possible violations of campaign-finance laws. The investigation is specifically focused on Salame’s support of his girlfriend, Michelle Bond, during her 2022 congressional race in New York’s first district. Here are the key points:
– Manhattan prosecutors have been looking into Salame’s financial contributions to Bond’s campaign since at least April.
– The investigation is examining both the funds Salame provided to Bond and the loans that funded her campaign.
– Michelle Bond, a conservative candidate, managed to raise over $660,000 in contributions, including $54,000 from Salame.
– Bond received endorsements from Donald Trump Jr. and Texas Senator Ted Cruz.
– It is important to note that Salame is not currently charged in the ongoing case against FTX cofounder Sam Bankman-Fried.
Hot Take
This investigation highlights the potential legal complications that can arise when individuals in positions of power and influence become involved in political campaigns. It is crucial for campaign-finance laws to be upheld to maintain the integrity of the democratic process.
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