Former FTX Executive Ryan Salame Sentenced to 7.5 Years in Prison

“Ryan Salame agreed to advance the pursuits of FTX, Alameda Analysis, and his co-conspirators via an illegal political affect marketing campaign and thru an unlicensed cash transmitting enterprise, which helped FTX develop sooner and bigger by working exterior of the regulation,” U.S. Legal professional Damian Williams mentioned in an announcement. “Salame’s involvement in two severe federal crimes undermined public belief in American elections and the integrity of the monetary system. Immediately’s sentence underscores the substantial penalties for such offenses.”