Former FTX Co-CEO Ryan Salame to Plead the Fifth
Insiders have revealed that Ryan Salame, ex-co-CEO of FTX Digital Markets, is expected to plead the Fifth Amendment in his upcoming trial. Here are the key points:
- The authorities are pushing for specific evidence against Salame, including bank deception, unlawful campaign contributions, bribery, crypto price manipulation, and auto-delete protocols.
- The prosecution wants to exclude certain defense-related evidence, such as victims’ lack of due diligence and potential penalties, arguing it could muddle the issues or misguide the jury.
- The authorities plan to present alleged remarks by Salame about his involvement in illicitly funding political endeavors.
- Salame’s legal counsel has indicated he will assert his Fifth Amendment right against self-incrimination if asked to testify.
- Prosecutors believe Salame’s alleged remarks about corporate funds channeled for political contributions are credible.
Hot Take: Ryan Salame’s decision to plead the Fifth Amendment could have significant implications for the trial. The prosecution’s reliance on his alleged remarks as evidence suggests they believe it could bolster their case against him and potentially implicate others involved in the scandal.
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