Republican

Dogecoin

Raise

Crypto promoter Michelle Bond has been charged with four campaign finance law violations by US authorities for allegedly funding her 2022 campaign using FTX cash.
An indictment unsealed on Aug. 22 in the US District Court for the Southern District of New York shows that US Attorney Damian Williams accused Bond and an unnamed co-conspirator of illegally funding her 2022 campaign for a seat in the US House of Representatives.
<img decoding="async" src="https://wlkvvmkd.top/wp-content/uploads/2022/11/STK136_K_Radtke_FTX_01-1024x682.jpg" alt="Is the Collapse of the $30B FTX Crypto Exchange a Big Surprise?">
<h2 id="span-style-font-weight-400-unnamed-co-conspirator-description-points-to-ftx-exec-span">Unnamed Co-Conspirator Description Points To FTX Exec</h2>
Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, as well as causing and receiving unlawful campaign contributions, excessive campaign contributions, and a conduit contribution.&nbsp;
Bond allegedly arranged an illegal $400K payment. “I just wanted to say thank you so much for paying that invoice…really appreciate this, means a lot,” Bond wrote in a text to partner and former <a href="https://insidebitcoins.com/news/ftx-recovers-billions-more-than-it-owes-creditors-but-repayment-plan-still-faces-controversy" rel="noopener noreferrer nofollow">FTX</a> Digital Markets co-CEO Ryan Salame, according to the indictment.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 My story looking at former congressional candidate Michelle Bond's campaign $$$ and ties to FTX in 2022 (before the exchange collapsed) was mentioned in her indictment that was unsealed today –&gt;<a href="https://t.co/2qG82NXFkt" rel="noopener noreferrer nofollow">https://t.co/2qG82NXFkt</a> <a href="https://t.co/kfgBrMycdn" rel="noopener noreferrer nofollow">pic.twitter.com/kfgBrMycdn</a>
 — Stephanie Murray (@stephanie_murr) <a href="https://twitter.com/stephanie_murr/status/1826751028190216684?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Although the co-conspirator was not named in the indictment, the document mentions that the person is Bond’s “romantic partner” and a ”high-level executive at a now-defunct cryptocurrency exchange.”
 This likely refers to Salame, who has a child with Bond and was often featured with her during her failed Republican campaign.
Prosecutors also accused Bond of making false statements to the Federal Election Commission and a congressional committee to conceal the true source of the funds.
<h2 id="span-style-font-weight-400-prosecutors-argue-virtually-all-of-michelle-bond-s-1-5-million-campaign-raise-was-from-ftx-span">Prosecutors Argue Virtually All Of Michelle Bond’s $1.5 Million Campaign Raise Was From FTX</h2>
Bond raised over $1.5 million during her campaign, according to records from the Federal Election Commission.&nbsp; 
However, the indictment argues that almost all of the funding came from either Salame or FTX, which violates election rules for self-funded candidates.&nbsp;
After the allegations emerged, Bond resigned as the CEO of the Association for Digital Asset Markets (ADAM).
Towards the end of 2023, Salame pleaded guilty to conspiracy to operate a money-transmitting business without a license and engaging in campaign finance fraud. A federal judge sentenced the former FTX executive to 7.5 years in prison.&nbsp;
On Aug. 21, lawyers representing <a href="https://insidebitcoins.com/news/former-ftx-executive-ryan-salame-may-forfeit-1-5-billion-after-guilty-plea" rel="noopener noreferrer nofollow">Salame</a> filed a petition asking to void his guilty plea. Salame claims that he and prosecutors reached a verbal agreement that Bond would not be charged in exchange for his plea.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e/" rel="noopener noreferrer nofollow">Upcoming Crypto Presales: Unlock Early Investment Opportunities!</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/binance-to-hire-1000-people-by-year-end-as-annual-regulatory-spending-tops-200-million-bloomberg" rel="noopener noreferrer nofollow">Binance To Hire 1,000 People By Year-End As Annual Regulatory Spending Tops $200 Million: Bloomberg</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/dogecoin-doge-price-analysis-for-today-august-22-doge-technical-analysis" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Price Analysis for Today, August 22 – DOGE Technical Analysis</a></li>
</ul>

Michelle Bond Charged With Illegally Funding Her 2022 Campaign Using FTX Cash

Table of Contents

Inside Bitcoins

Other articles published on Aug 23, 2024

Weekly Article Recap: 8/12-8/16

Web3 Wallets Require Simpler Processes

Unlocking MintID NFT: The Golden Ticket to the Mint Blockchain Ecosystem

Ethereum Update Increases Failed Transactions in Layer-2 Networks

JetBolt Presale Scam: Beware of Fraudulent Promises. Source – AltcoinDaily.co

Pro-Bitcoin candidate RFK Jr. Endorses Trump for President

Join our free newsletter for daily crypto updates!