Read

<div class="protos">
 Ryan Salame, the former co-chief exec of FTX Digital Markets, has been sentenced to 90 months in prison for conspiracy to make unlawful political contributions and conspiracy to operate an unlicensed money transmitter. Salame has also been ordered to make $6 million in forfeiture and $5 million in restitution.
 Salame was directly involved in the usage of the ‘North Dimension’ entity to aid in maintaining access to bank accounts for FTX, despite it not being appropriately licensed to serve as a money transmitter.
 He was also instrumental in FTX’s political influence scheme, working with Sam Bankman-Fried and Nishad Singh to make hundreds of unlawful political donations. Additionally, FTX Digital Markets made hundreds of thousands of dollars worth of payments to Michelle Bond, a failed congressional candidate and romantic partner to Salame. Bond additionally received donations to her campaign from FTX US.
 Salame’s sentence weighs in at significantly less than that of his colleague Bankman-Fried, who was recently sentenced to 25 years in prison.
 <figure class="wp-block-embed is-type-wp-embed is-provider-protos wp-block-embed-protos">
 <div class="wp-block-embed__wrapper">
 <blockquote class="wp-embedded-content" data-secret="8FMf82T2DV">
 ‘Soak my Deck’ captain Sam Trabucco sails in for Ryan Salame
 </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“‘Soak my Deck’ captain Sam Trabucco sails in for Ryan Salame” — Protos" src="https://protos.com/soak-my-deck-captain-sam-trabucco-sails-in-for-ryan-salame/embed/#?secret=nvGGxTd3qd#?secret=8FMf82T2DV" data-secret="8FMf82T2DV" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
 </div>
 </figure>
 Read more: We read the 230-page investigation into FTX so you don’t have to
 However, Salame’s <a rel="noopener noreferrer nofollow" title="sentence" href="https://thebittimes.com/tag/sentence.html">sentence</a> is more than 20 times <a rel="noopener noreferrer nofollow" title="longer" href="https://thebittimes.com/tag/longer.html">longer</a> than the recent punishment handed to former Binance CEO <a rel="noopener noreferrer nofollow" title="Changpeng Zhao" href="https://thebittimes.com/tag/changpeng-zhao.html">Changpeng Zhao</a>, who was <a rel="noopener noreferrer nofollow" title="sentence" href="https://thebittimes.com/tag/sentence.html">sentence</a>d to j<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>t four months in <a rel="noopener noreferrer nofollow" title="prison" href="https://thebittimes.com/tag/prison.html">prison</a> for failure to register as a money services b<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>iness and failure to maintain an effective anti-money laundering program. Zhao had agreed to a plea deal and cooperated with the prosecution.
 Salame may be able to benefit from the 2018 First Step Act, which allows for non-violent felony offenders to potentially be released after serving half of their sentence.
 Got a tip? Send <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a> an email or ProtonMail. For more informed news, follow <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a> on&nbsp;X,&nbsp;Instagram,&nbsp;Bluesky, and&nbsp;Google News, or subscribe to our&nbsp;YouTube&nbsp;channel.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ryan-salame-gets-longer-prison-sentence-than-cz-tbt90216.html">https://thebittimes.com/ryan-salame-gets-longer-prison-sentence-than-cz-tbt90216.html</a>

Ryan Salame gets longer prison sentence than CZ

TheBitTimes

Other articles published on May 28, 2024

Crypto Sleuths Retrieve Lost 2013 Bitcoin Wallet Password, Salvage $3M in Assets

FLOKI Dusts DOGE, SHIB, PEPE as TVL Hits $820 Million

Solana Validators Approve Fee Allocation Proposal

Solana Faces Market Downturn

Apple Stock Gains as New Data Shows iPhone Sales Up 52% Y/Y in China

From meme coin to scam, inside $CAT and GCR hack scandal

Join our free newsletter for daily crypto updates!