Former FTX exec Salame holds talks with prosecutors over plea: Bloomberg News
Quick Take
- Former FTX exec Ryan Salame is currently in talks with federal prosecutors to plead guilty to charges including campaign finance law violations, Bloomberg reported on Tuesday, citing people familiar with the case.
Ryan Salame, a former senior executive at the failed crypto exchange FTX, could plead guilty as early as next month to criminal charges including campaign finance law violations, according to Bloomberg News.
Salame is currently in talks with federal prosecutors to plead guilty to those charges, Bloomberg reported on Tuesday, citing people familiar with the case.
Salame has so far not been charged in the FTX case involving his former colleague FTX founder Sam Bankman-Fried. A handful of his former colleagues, including Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang, have pled guilty to several charges.
Planes, probes and possible plea
Authorities identified a private jet Salame bought while working at FTX, which could be forfeited as part of the plea deal with the government, Bloomberg reported.
Salame was probed last month over possible campaign finance violations, according to the Wall Street Journal. At the time, federal prosecutors were investigating Salame’s involvement in Michelle Bond’s 2022 New York congressional race.
Salame’s home was raided in April by the Federal Bureau of Investigation, according to the New York Times, though the nature of that search was unknown.
Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.
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