Ryan Salame, a former high-ranking executive at the crypto exchange FTX, has entered a guilty plea in connection with criminal charges related to the extensive fraud case involving FTX’s founder, Sam Bankman-Fried.
As part of the agreement, Salame has agreed to forfeit $1.55 billion in assets and pay a $6 million fine.
Another Witness Against SBF
Appearing in court on Thursday, Salame pled guilty to conspiracy to defraud the Federal Elections Committee, and for operating an unlicensed money-transmitting business. The charges could land him up to a decade behind bars.
The executive once helmed FTX’s subsidiary in the Bahamas and was an active Republican donor, sending $24 million to political candidates during the 2022 midterm election cycle. He admitted to falsely labeling $10 million worth of such contributions as “loans.”
“Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and throug
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