Ryan Salame Sentenced to 7.5 Years for FTX Crimes

Ryan Salame, the first associate of Sam Bankman-Fried to plead guilty to criminal charges, has been sentenced to 7.5 years in prison. This term exceeds the prosecution's request of five to seven years, despite Salame’s legal team advocating for a lighter sentence of no more than 18 months.



"Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law," stated U.S. Attorney Damian Williams. "Salame’s involvement in two serious federal crimes undermined public trust in American elections and the integrity of the financial system. Today’s sentence underscores the substantial consequences for such offenses."



Salame’s defense argued that


First found on: Cryptonews from Coinatory