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Ryan Salame, a former FTX prime govt who labored alongside Sam Bankman-Fried, is about to report back to federal jail in Maryland on Friday. He pleaded responsible to marketing campaign finance fraud in May and can serve a sentence of seven-and-a-half years.
Salame, 31, introduced the change in location and surroundings by updating his LinkedIn Thursday with the information.
“I am blissful to share that I am beginning a brand new place as Inmate at FCI Cumberland!” he wrote.
After going viral on LinkedIn, an account that seems to be Salame (with a bio that reads: “7.5 12 months jail sentence. Former: Free man, US Republican Mega-donor, CEO of FTX Digital Markets, Circle Commerce, CPA. HK/US/Bahamas. Not a lawyer,” took to X with one other joke.
At the moment I realized folks nonetheless use LinkedIn
— Ryan Salame (@rsalame7926) October 11, 2024
Bankman-Fried, who based the now-bankrupt cryptocurrency trade FTX, was discovered responsible in November on seven counts, together with fraud, embezzlement, and felony conspiracy, for stealing $8 billion from FTX prospects. He is serving a 25-year sentence.
In a press release in September 2023, U.S. Lawyer Damian William stated, “Ryan Salame agreed to advance the pursuits of FTX, Alameda Analysis, and his co-conspirators by way of an illegal political affect marketing campaign and thru an unlicensed cash transmitting enterprise, which helped FTX develop sooner and bigger by working exterior of the regulation.”
Associated: From Tom Brady to Kevin O’Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse
Ryan Salame, former co-chief govt officer of FTX Digital Markets Ltd. – Stephanie Keith/Bloomberg | Getty Photographs
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