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.
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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.
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