Former FTX executive Ryan Salame asks for no more than 18 months in prison

Quick Take
- Lawyers for former FTX executive Ryan Salame have asked that their client be granted leniency and serve no more than 18 months in prison.


Former FTX executive Ryan Salame, who pled guilty to criminal charges last September, hopes the court will hand out a lenient sentence of no more than 18 months in prison, according to a filing.
"Such a sentence would satisfy the purposes of sentencing ... while allowing Ryan [Salame] to have the opportunity to continue contributing positively toward society," the document said.
Salame's attorneys make the case that he did not play a central role in fraudulent activity and lost much of his personal fortune with the collapse of FTX. The cryptocurrency exchange filed for bankruptcy in November 2022. A year later, its CEO Sam Bankman-Fried was found guilty of defrauding customers and sentenced to nearly 25 years in prison.
Salame did not testify in the trial against Bankman-Fried, his former boss.
In the document, Salame's lawyers also sought to spotlight their client's work in the community.
"Those who know Ryan best regard him as an 'outstanding member of [the] community' who makes 'significant community contributions' and seeks to 'make a positive impact in the world," according to the filing.
The former FTX executive's issues with drug abuse were also included in the appeal for a maximum 18-month sentence.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.