Ryan Salame Pleads Guilty in FTX Case

posted  8 Sept 2023
Photo - Ryan Salame Pleads Guilty in FTX Case
In a recent courtroom confession, Ryan has agreed to pay a $6 million fine to the US government, reimburse FTX creditors with $5 million, and forfeit two Massachusetts properties along with his Porsche.

The former FTX executive admitted to illicit campaign financing and running an unlicensed money transfer business.

“I made $10 million in political contributions and called them loans, which I never intended to repay,” said Salame.

He could face up to 10 years in federal prison.