The legal troubles surrounding former FTX executive Ryan Salame intensified as his partner, Michelle Bond, faces charges for violating U.S. campaign finance laws. Bond, who ran an unsuccessful congressional campaign in 2022, is accused of using funds linked to the now-defunct cryptocurrency exchange to finance her campaign.
This latest indictment highlights the ongoing fallout from the collapse of the defunct exchange and the extensive reach of federal investigations into the company’s activities.
Ex-FTX Partner Faces US Campaign Violation Charges
Michelle Bond, 45, who previously worked with the cryptocurrency trade group Association for Digital Asset Markets, launched a campaign to represent New York’s 1st Congressional District in May 2022. Federal prosecutors allege that Bond accepted $400,000 from FTX through a “sham consulting agreement” arranged by Ryan Salame, a high-level executive at the exchange.
Notably, these funds were then allegedly funneled into her campaign, in
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