2024

Ryan Salame, a former top executive at FTX, is attempting to withdraw his guilty plea in a criminal case that involves campaign finance and money-transmitting crimes. Salame claims that prosecutors have not upheld their promise to stop investigating his fiancée, Michelle Bond, as part of the plea deal. 
On August 21, Salame filed a petition for a “writ of coram nobis,” a legal order that allows a court to correct a previous judgment, seeking relief from his earlier guilty plea. In September 2023, Salame had pleaded guilty to two felony charges.&nbsp; 
However, he now alleges that the government led him to believe they would halt their investigation into Michelle Bond if he agreed to plead guilty. Despite this assurance, the investigation into Michelle&nbsp;has reportedly resumed. 
Salame argues that the government should either drop any charges against Michelle&nbsp;or allow him to retract his guilty plea. He further claims that the prosecutors used improper and coercive tactics by leveraging his relationship with Bond to secure his plea, and thus, his conviction should be overturned. 
In his court filing, Salame <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.590939/gov.uscourts.nysd.590939.470.0_1.pdf" target="_blank" rel="noreferrer noopener nofollow">stated</a>, “If the Government is not held to its assurances, the Court should nonetheless grant post-conviction relief because the assurances made during the plea negotiations were unlawfully coercive, and the entire plea agreement and conviction must be vacated.” He seeks either a dismissal of charges against Michelle, a vacating of his conviction or at least a hearing to address these issues. 
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 It's all true but I just made a court filing I'm pretty nervous about because I know it means the most powerful body in the world is going to come at me and my loved ones again, but I'm hoping it encourages more people to be honest and tell the truth and expose un-American…— Ryan Salame (@rsalame7926) <a href="https://twitter.com/rsalame7926/status/1826362919128387810?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">August 21, 2024</a>
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Salame, in a post on X on August 22, expressed his anxiety about the filing, noting that he fears further government scrutiny. He tweeted, “Government replied – my submission is SELF SERVING?? Literally the opposite, lock me up just abide by the promise you know you know you made if I agreed.” 
Salame was <a href="https://www.cryptotimes.io/2024/05/29/ex-ftx-executive-ryan-salame-sentenced-7-5-years-in-jail/" target="_blank" rel="noreferrer noopener">sentenced to 7.5 years in prison</a> in May for conspiracy related to unlawful political contributions and operating an unlicensed money-transmitting business. He is set to begin his sentence on October 13 and has been ordered to pay over $6 million in forfeiture and more than $5 million in restitution. 
Federal prosecutors had investigated Bond, a former congressional candidate, in 2023 for campaign finance violations related to her 2022 run for Congress. They examined the financial contributions Salame made to her campaign, as well as loans she provided to support her candidacy.&nbsp; 
Salame is now fighting for either a dismissal of charges against his partner or a chance to revisit his plea agreement, arguing that the government should honor its initial commitments. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/22/ftx-reorganization-plan-receives-95-creditor-approval/" target="_blank" rel="noreferrer noopener">FTX Reorganization Plan Receives 95% Creditor Approval</a> 
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Former FTX Exec Salame Challenges Guilty Plea Agreement

The Crypto Times

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