Ryan Salame, a former executive at the collapsed cryptocurrency exchange FTX, faces a potential prison sentence of five to seven years. According to recent reports, prosecutors are seeking this substantial penalty due to Salame’s involvement in one of the largest campaign finance offenses in American history. Besides, the prosecutors also blamed his role in operating an unlicensed money-transmitting business.
Prosecutors Seek Severe Penalty For Ryan Salame
Federal prosecutors have called for a significant prison sentence for Salame, emphasizing the severity of his crimes. In a sentencing memo filed in Manhattan federal court, they argued that Salame’s actions warrant a substantial punishment.
Meanwhile, according to a recent Bloomberg report, he pleaded guilty to multiple serious charges, including enabling FTX to accept over $1 billion in customer deposits without proper licensing. Notably, this move was part of a broader scheme that led to FTX’s multibillion-dolla
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