Discussion

• @innercitypress @innercitypress on x

  Judge Kaplan: What did you do? Salame: I made $10 million in political contributions and called them loans, which I never intended to repay. This was supported by Sam Bankman-Fried. I knew it was prohibited. Judge Kaplan: Government? AUSA: We can proffer on venue

• @innercitypress @innercitypress on x

  OK - now FTX's Ryan Salame is before SDNY Judge Kaplan. Inner City Press, beyond book on SBF case https://www.amazon.com/... has tracked Salame & his entourage in courthouse for an hour, from pre-trial services to US Marshals hallway and will live tweet, thread below [image]

• @teddyschleifer Teddy Schleifer on x

  “In total, RYAN SALAME, the defendant, and his co-conspirators made over 300 political contributions, totaling tens of millions of dollars, that were unlawful because they were made in the name of a straw donor or paid for with corporate funds.” [image]

• @molly0xfff Molly White on x

  Former FTX exec Ryan Salame has pled guilty to two charges in the ongoing FTX trial. Many had been wondering when an indictment would come out against him, particularly as his donations to Republican political causes had already been alleged to have been straw donations.

• @innercitypress @innercitypress on x

  Judge Kaplan: How do you plead? Salame: Guilty. Judge Kaplan: I accept your plea. What about a sentencing date? AUSA Raymond: The normal - four months. In January. Courtroom Deputy, Andy: January 10 at 3 pm.

• @molly0xfff Molly White on x

  Reading further from the original court documents (was working off secondary reporting above), it sounds to me like the $6 million, two properties, car, and ownership/equity in his East Rood Farm Corp. will be the entirety of his payment towards the $1.5 billion money judgment. […

• @autismcapital @autismcapital on x

  BREAKING: Ryan Salame pleads GUILTY to TWO charges: CAMPAIGN FINANCING FRAUD and OPERATING AN UNLICENSED MONEY TRANSMITTING BUSINESS. Salame will have to pay $6M to the US and give up two properties in Lennox, MA and his Porsche. He will also have to give $5M to the debtors of...…

• @teddyschleifer Teddy Schleifer on x

  NEW — The 10-page federal indictment against Ryan Salame just dropped. Salame pleads guilty to two charges: 1. Conspiracy to Make Unlawful Political Contributions and Defraud the FEC 2. Conspiracy to Operate an Unlicensed Money Transmitting Business [image]

• @chafkin Max Chafkin on x

  old enuf to remember when SBF's political contributions were seen as having something to do with pandemic preparedness [image]

• @innercitypress @innercitypress on x

  AUSA: Some of the politicians were in the Southern District of New York. Salame: As Alameda's head of settlements I used banks, one used in California. I was unaware licensure was required. But now I know. AUSA: On venue, wires transferred through the SDNY

• @innercitypress @innercitypress on x

  FTX files, from Ryan Salame's forfeiture agreement: the 2021 Porsche listed by VIN number - to prevent the switching-out of some other Porsche... #CyptoCreeps https://www.amazon.com/... [image]

• @teddyschleifer Teddy Schleifer on x

  Confused? The gist of the campaign-finance charge against Ryan Salame is what has already been alleged. Prosecutors allege that Salame made contributions to GOP politicians with money that was not his, but really a loan from Alameda. And yet the loan was never going to be repaid

• r/CryptoCurrency r on reddit

  Former FTX executive Ryan Salame will turn over $5 million in restitution as part of a plea deal with federal prosecutors.