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US prosecutors have reportedly targeted Ryan Salame, the former CEO of FTX’s Bahamian subsidiary, over possible violations of the law when donating money to his then-girlfriend’s political campaign in 2022.
Previous sources have informed that Michelle Bond (the woman in question) has received at least $400,000 in consulting fees from FTX Digital Markets – the entity operated by Salame. According to The New York Times, the American personally donated $1.5 million to the GMI Super PAC (a newly formed committee that supports crypto-friendly candidates), which in turn used some of the money to popularize Bond’s campaign. Did.
Salame throws another punch
As informed of Federal prosecutors in Manhattan have launched an investigation against Salame to investigate a donation he made to his then-girlfriend Michelle Bond, according to The Wall Street Journal. She ran for the Republican nomination for a congressional seat in New York last year.
FTX executives, including former CEO Sam Bankman-Fried, have made generous donations to politicians from both the Democratic and Republican parties prior to the exchange’s collapse.
Despite the investigation, the couple were not charged with wrongdoing. His attorneys and the US Attorney’s Office in Manhattan have yet to speak on the matter.
The FBI has also put Salame on its radar, raiding his home in Potomac, Maryland, in late April. The exact reason behind the discovery remained unclear. However, some speculations surfaced claiming that it may be linked to the FTX crash that shook the entire crypto industry in November 2022.
Salame played a central role in the scandal after his Said Bahamian regulators said the once-dominant platform may have misappropriated billions of dollars in customer funds and transferred them to Alameda Research.
Investigation has nothing to do with SBF
The coverage further noted that the most recent investigation against Salame is believed to be separate from the case against the SBF.
Multiple regulators and authorities have accused the former CEO of several crimes such as conspiracy to commit wire fraud and money laundering. However, he has pleaded innocence and refused to be blamed as the main culprit behind the downfall of the company he founded.
SBF spent some time in a Bahamian prison before being deported to the United States. US magistrates allowed her to stay with her parents until her trial on October 2 under a $250 million high bond. If convicted, he could face up to 115 years in prison.
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US prosecutors have reportedly targeted Ryan Salame, the former CEO of FTX’s Bahamian subsidiary, over possible violations of the law when donating money to his then-girlfriend’s political campaign in 2022.
Previous sources have informed that Michelle Bond (the woman in question) has received at least $400,000 in consulting fees from FTX Digital Markets – the entity operated by Salame. According to The New York Times, the American personally donated $1.5 million to the GMI Super PAC (a newly formed committee that supports crypto-friendly candidates), which in turn used some of the money to popularize Bond’s campaign. Did.
Salame throws another punch
As informed of Federal prosecutors in Manhattan have launched an investigation against Salame to investigate a donation he made to his then-girlfriend Michelle Bond, according to The Wall Street Journal. She ran for the Republican nomination for a congressional seat in New York last year.
FTX executives, including former CEO Sam Bankman-Fried, have made generous donations to politicians from both the Democratic and Republican parties prior to the exchange’s collapse.
Despite the investigation, the couple were not charged with wrongdoing. His attorneys and the US Attorney’s Office in Manhattan have yet to speak on the matter.
The FBI has also put Salame on its radar, raiding his home in Potomac, Maryland, in late April. The exact reason behind the discovery remained unclear. However, some speculations surfaced claiming that it may be linked to the FTX crash that shook the entire crypto industry in November 2022.
Salame played a central role in the scandal after his Said Bahamian regulators said the once-dominant platform may have misappropriated billions of dollars in customer funds and transferred them to Alameda Research.
Investigation has nothing to do with SBF
The coverage further noted that the most recent investigation against Salame is believed to be separate from the case against the SBF.
Multiple regulators and authorities have accused the former CEO of several crimes such as conspiracy to commit wire fraud and money laundering. However, he has pleaded innocence and refused to be blamed as the main culprit behind the downfall of the company he founded.
SBF spent some time in a Bahamian prison before being deported to the United States. US magistrates allowed her to stay with her parents until her trial on October 2 under a $250 million high bond. If convicted, he could face up to 115 years in prison.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
