-
A
U.S.
court
sentenced
former
FTX
executive
Ryan
Salame
to
7.5
years
in
prison -
In
addition,
Salame
was
ordered
to
pay
more
than
$6
million
in
the
forfeiture
and
more
than
$5
million
in
restitution.
Former
FTX
executive
Ryan
Salame
has
been
sentenced
to
90
months,
or
7.5
years
in
prison,
the
U.S.
Attorney’s
Office,
Southern
District
of
New
York,
said
in
a
release
published
Tuesday.
“Ryan
Salame
agreed
to
advance
the
interests
of
FTX,
Alameda
Research,
and
his
co-conspirators
through
an
unlawful
political
influence
campaign
and
through
an
unlicensed
money
transmitting
business,
which
helped
FTX
grow
faster
and
larger
by
operating
outside
of
the
law,”
U.S.
Attorney
Damian
Williams
said
in
a
statement.
“Salame’s
involvement
in
two
serious
federal
crimes
undermined
public
trust
in
American
elections
and
the
integrity
of
the
financial
system.
Today’s
sentence
underscores
the
substantial
consequences
for
such
offenses.”
Salame
had
previously
pled
guilty
to
conspiracy
for
unlawful
political
contributions,
defrauding
the
Federal
Election
Commission,
and
operating
an
unlicensed
money-transmitting
business,
with
the
hopes
of
getting
leniency
from
the
court
and
a
shorter
prison
sentence
of
18
months.
When
asking
for
leniency
and
a
shorter
sentence,
his
attorneys
noted
Salame
initiated
the
FTX
investigation,
cooperated
with
U.S.
authorities,
and
faces
lifelong
stigma
due
to
FTX’s
collapse.
In
addition,
Salame
was
also
sentenced
to
three
years
of
supervised
release
and
ordered
to
pay
more
than
$6
million
in
forfeiture
and
more
than
$5
million
in
restitution.
Former
Alameda-FTX
executives
Caroline
Ellison
and
Gary
Wang
also
pled
guilty
and
sought
plea
deals
to
avoid
jail.
