Ryan Salame in Talks for Guilty Plea Deal with US Prosecutors
- Ryan Salame, former co-CEO of FTX Digital Markets, is negotiating a guilty plea deal with US federal prosecutors.
- Salame is one of Sam Bankman-Fried’s close associates, and the guilty plea could happen in September 2023.
- The plea deal is separate from the illegal campaign finance allegations against Bankman-Fried.
- Salame’s charges include alleged violations of campaign finance laws and significant donations to Republican candidates.
- If Salame agrees to the plea deal, he would become the fourth close associate of Bankman-Fried to plead guilty since FTX collapsed in November 2022.
SBF Still Faces Illegal Campaign Finance Allegations
- Sam Bankman-Fried, the FTX co-founder and former CEO, has pleaded not guilty to allegations of conducting an illegal campaign finance scheme.
- The charge accusing Bankman-Fried of making unlawful campaign donations was recently dropped, but the Department of Justice will still charge him in the October trial.
Hot Take: Guilty Pleas Piling Up in FTX Collapse
The FTX collapse continues to see close associates of Sam Bankman-Fried pleading guilty to various charges. Ryan Salame’s reported negotiation for a guilty plea deal is just the latest development. With the charges focusing on campaign finance violations and significant donations, the legal troubles for Bankman-Fried and his associates are mounting. While Salame’s plea deal could potentially impact Bankman-Fried’s upcoming trial, it remains to be seen how these cases will unfold. The FTX scandal has far-reaching implications for the crypto industry, emphasizing the need for transparency and legality in the sector.
By
By
By
By
By