FTX Executives Face Continued Legal Challenges
Attorneys for Ryan Salame, a former top executive of the bankrupt crypto exchange FTX, are seeking a sentence of no more than 18 months in prison. They assert that their client had no involvement in the fraudulent activities orchestrated by former CEO Sam Bankman-Fried.
On this page
Attorneys for Ryan Salame, a former top executive of the bankrupt crypto exchange FTX, are seeking a sentence of no more than 18 months in prison. They assert that their client had no involvement in the fraudulent activities orchestrated by former CEO Sam Bankman-Fried.
Salame was in charge of managing bank deposits, political donations, and charitable initiatives. According to his lawyers, following the collapse of FTX, Salame lost all his personal savings, fully cooperated with authorities, and is currently battling a substance abuse addiction.
He had absolutely no knowledge that the four people at the center of Alameda and FTX had conspired to lie and to steal from their customers. Ryan stole from no one. He did not lie to customers,
the attorneys stated.
Additionally, the defense argues that the constant public scrutiny and his association with the bankrupt FTX have already tarnished his reputation and future employment prospects. Previously, Sam Bankman-Fried was sentenced to 25 years in prison and fined for fraud.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
