2023-09-08 00:49:00
Former FTX account manager, Ryan Salame is considered one of the main protagonists of the scandal that has stained the cryptocurrency exchange platform
A former FTX employee known to be close to Sam Bankman-Fried, ex-boss of the cryptocurrency exchange platform currently in detention, pleaded guilty Thursday in federal court in New York.
This guilty plea comes less than a month before the opening of the trial, scheduled for October 2, against Sam Bankman-Fried, charged in particular with fraud and criminal association.
According to documents filed Thursday, Ryan Salame pleaded guilty to two counts: one for illegal donations to political figures, the other for helping to transfer, without their knowledge, funds from clients from FTX to another company, Alameda.
He was released on Thursday with conditions, including the payment of a million dollar bond and the confiscation of his passport. Sentencing is scheduled for March 6, 2024.
A trial against Sam Bankman-Fried begins soon
Sam Bankman-Fried and other executives are accused of using FTX client accounts, without their knowledge, to fuel the speculative operations of Alameda, his investment company.
He was extradited in late December 2022 from the Bahamas, where FTX is headquartered, and had been placed under house arrest with his parents in California after posting $250 million bail.
But he was taken into custody on August 11 by a judge after an attempt to tamper with a witness. He has pleaded not guilty to all charges against him over the months: eight in January and five in March.
Caroline Ellison, his former girlfriend and a former Alameda executive, has been charged and agreed to cooperate with US authorities. FTX’s other co-founder, Gary Wang, has also pleaded guilty and is also collaborating with US authorities.
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