Former FTX executive Ryan Salame pleaded guilty to criminal campaign finance violation charges in a Manhattan court on Thursday.

During the hearing Salame appeared before Judge Kaplan, who’s also set to oversee the FTX founder Sam Bankman-Fried’s case. He plead guilty to conspiring to make unlawful contributions and defraud the Federal Election commission. As part of his plea deal with the Department of Justice, Salame has agreed to forfeit $1.5 billion.

The news was originally reported by Bloomberg, before the former exec’s court appearance.

Salame was co-CEO of FTX Digital Markets and was said to have handled political donations on behalf of the now-defunct crypto exchange’s executives.

FBI agents in April raided Salame’s Washington, D.C. home. He was accused of giving $24 million to Republicans using FTX customer cash but prosecutors have not yet announced criminal charges against him. However, the New York Times has reported that he’s the subject of an

Go to Source to See Full Article
Author: Mathew Di Salvo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details