Ex-FTX executive Ryan Salame to plead guilty to criminal charges: Bloomberg
Quick Take
- Ryan Salame is set to appear at a federal court in Manhattan on Thursday afternoon after negotiations with prosecutors, Bloomberg News reported, citing people familiar with the matter.
Former FTX executive Ryan Salame plans to plead guilty to criminal charges, joining others in Sam Bankman-Fried’s inner circle who have done the same following the collapse of the crypto exchange, according to Bloomberg News.
Salame is set to appear at a federal court in Manhattan on Thursday afternoon after negotiations with prosecutors, Bloomberg reported, citing people familiar with the matter.
Former Alameda Research CEO Caroline Ellison, FTX Co-Founder Gary Wang and FTX's former Engineering Director Nishad Singh have all pleaded guilty over the past several months.
Probes, campaigns violations and plans to not testify
Salame was probed in July over possible campaign finance violations, according to the Wall Street Journal. At the time, federal prosecutors were investigating Salame's involvement in Michelle Bond's 2022 New York congressional race.
Salame also plans to not testify at former FTX CEO Bankman-Fried's criminal trial regarding illegal campaign donation schemes.
Bankman-Fried's criminal trial is slated for early October.
Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.
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