Promise

Impact

April

<ul>
  
 <li>Ryan Salame says the government broke a promise to stop questioning his partner Michelle Bond.</li>   
 <li>Salame argues that this broken promise is why his voluntary confession should be cancelled by the court.</li>   
 <li>The court's verdict on this could impact how verbal issues are handled in future judicial cases.</li> 
</ul>   
<p>Ryan Salame, a former executive at FTX, is trying to overturn his guilty verdict. He claims the U.S. Government did not keep a vow to stop pursuing his partner, Michelle Bond. Salame argues that this broken promise justifies cancelling his requests.</p>   
<h2 class="wp-block-heading" id="h-alleged-promise-in-plea-deal">Alleged Promise in Plea Deal</h2>   
<p>In April 2023, Salame says the Manhattan U.S. Attorney’s Office promised to end its investigation into Michelle Bond if he agreed to plead guilty. This promise was crucial for Salame because Bond is the mother of his child. He wanted to protect her, so he decided to enter the guilty plea, believing the <a href="https://cryptonewsland.com/microsoft-labels-openai-a-frenemy-in-recent-sec-filing-amid-antitrust-investigations/" target="_blank" rel="noreferrer noopener">investigation </a>would end.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/martypartymusic/status/1826394848892694720 
 </div>
</figure>   
<p>But now, Salame’s lawyers argue that the government did not keep its word. Instead, the investigation into Bond continued, and prosecutors are now pursuing charges against her. This led Salame’s legal team to ask the court to either cancel his plea or make the government honor the promise.</p>   
<h2 class="wp-block-heading" id="h-legal-and-ethical-concerns">Legal and Ethical Concerns</h2>   
<p>This situation raises concerns about whether verbal declarations can be trusted in contractual deals. Salame’s lawyers believe that the government’s actions are unfair and hurt the integrity of the legal system. Although the promise about Bond was not written down, it was a key reason Salame agreed to plead guilty.</p>   
<p>Salame’s case is different from other FTX executives who worked with prosecutors and testified against <a href="https://cryptonewsland.com/ftxs-12-7-billion-payout-a-turning-point-for-cryptocurrency-regulation/" target="_blank" rel="noreferrer noopener">FTX </a>founder Sam Bankman-Fried. Salame did not agree to cooperate with the government, and his plea was mostly based on the promise regarding Bond. His legal team now argues that the government’s failure to keep this promise should lead to the cancellation of his plea.</p>   
<h2 class="wp-block-heading" id="h-impact-on-ftx-investigation">Impact on FTX Investigation</h2>   
<p>Salame’s request to overturn his deal comes as he is about to start his prison term. His sentence was extended due to a medical procedure after an incident with a dog bite. The company's probe has already resulted in major convictions, including Sam Bankman-Fried’s 25-year prison sentence for financial theft.</p>   
<p>The court’s decision on his appeal could have a big impact on how verbal bargains are handled in upcoming cases. This case remains a key part of the continuing legal issues related to FTX’s collapse.</p> 
<p>The post <a href="https://cryptonewsland.com/ftx-executive-challenges-guilty-plea-over-alleged-broken-deal/">FTX Executive Challenges Guilty Plea Over Alleged Broken Deal</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

FTX Executive Challenges Guilty Plea Over Alleged Broken Deal

Table of Contents

Crypto News Land

Autres articles publiés le 22 août 2024

Miami Heat’s Jimmy Butler and Crypto Influencer Ben Armstrong to Pay $340K in Binance Settlement

DBS Bank pilots blockchain-based government grants

MakerDAO Rolls Out MKR And DAI Token Upgrade, But There’s A Catch

Bitcoin ETFs Attract Investor Interest

1MarketMakers Introduces New 'Startup Kit' Service for Crypto Projects

Binance Introduces ALPACA Futures

Join our free newsletter for daily crypto updates!