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News Explorer — Prosecutors Seek 5 to 7-Year Prison Sentence for Former FTX Exec Ryan Salame

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May 22, 3:55 pm
Blockworks

Prosecutors Seek 5 to 7-Year Prison Sentence for Former FTX Exec Ryan Salame

Prosecutors have requested a prison sentence of five to seven years for former FTX executive Ryan Salame. In a sentencing memorandum, prosecutors emphasized Salame's "serious crimes" and minimal cooperation, stating that a substantial sentence is necessary. Salame pleaded guilty to campaign finance violations and operating an unlicensed money transmitting business, contributing to illegal contributions of over $100 million and exchanging more than $1 billion without proper supervision.

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