Proceedings against FTX go a step further as former FTX Digital Markets co-CEO, Ryan Salame, may potentially be pleading guilty.
and Alameda Research in 2022, the members involved in both firms have been heavily scrutinized for their behavior. However, prosecutors were criticized as well, due to the lack of progress made in the legal proceedings against FTX.However, things may take a turn for the better as members of the group may be pleading guilty to their actions.Former FTX Digital Markets co-CEO Ryan Salame was reportedly in discussions with U.S. authorities about a potential guilty plea.
Additionally, Salame had been under investigation by prosecutors for potential breaches of U.S. campaign finance laws. The allegations were linked to his girlfriend Michelle Bond’s congressional campaign, during which they allegedly exceeded federal contribution limits. Bankman-Fried’s potential prison term is substantial if convicted on the original seven-count indictment, centered on a multibillion-dollar fraud against FTX investors. Additional campaign finance allegations were dropped in July due to the U.S.-Bahamas extradition treaty.
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