According to a press release issued by the US Southern District of New York prosecutor’s office on Tuesday (28th), former FTX Digital Markets CEO Ryan Salame has been sentenced to 90 months (7.5 years) imprisonment. In addition, Salame has also been sentenced to three years of supervision after release and ordered to pay over 6 million US dollars in fines and over 5 million US dollars in restitution.
US federal prosecutor Damian Williams stated in a statement that Salame pleaded guilty last year to conspiracy to commit illegal campaign contributions, defrauding the Federal Election Commission, and operating an unlicensed money transmitting business, hoping to receive leniency from the court and reduce his sentence to 18 months. His lawyers, in requesting leniency and a reduced sentence, pointed out that Salame initiated an investigation into FTX, cooperated with US authorities, and faced lifelong shame due to FTX’s collapse.
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have also pleaded guilty and sought plea agreements to avoid imprisonment.
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Related reports: “FTX founder SBF’s first interview after sentencing, claiming to be ‘haunted every day by what was lost'” and “FTX bankruptcy case record, a comprehensive look at FTX’s rise and fall in three major processes.”
