Ryan Salame, a former FTX high government who labored alongside Sam Bankman-Fried, is ready to report back to federal jail in Maryland on Friday. He pleaded responsible to marketing campaign finance fraud in May and can serve a sentence of seven-and-a-half years.
Salame, 31, introduced the change in location and surroundings by updating his LinkedIn Thursday with the information.
“I am blissful to share that I am beginning a brand new place as Inmate at FCI Cumberland!” he wrote.
LinkedIn
After going viral on LinkedIn, an account that seems to be Salame (with a bio that reads: “7.5 yr jail sentence. Former: Free man, US Republican Mega-donor, CEO of FTX Digital Markets, Circle Commerce, CPA. HK/US/Bahamas. Not a lawyer,” took to X with one other joke.
As we speak I realized folks nonetheless use LinkedIn
— Ryan Salame (@rsalame7926) October 11, 2024
Bankman-Fried, who based the now-bankrupt cryptocurrency change FTX, was discovered responsible in November on seven counts, together with fraud, embezzlement, and felony conspiracy, for stealing $8 billion from FTX clients. He is serving a 25-year sentence.
In a press release in September 2023, U.S. Legal professional Damian William stated, “Ryan Salame agreed to advance the pursuits of FTX, Alameda Analysis, and his co-conspirators by way of an illegal political affect marketing campaign and thru an unlicensed cash transmitting enterprise, which helped FTX develop quicker and bigger by working outdoors of the legislation.”
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Ryan Salame, former co-chief government officer of FTX Digital Markets Ltd. – Stephanie Keith/Bloomberg | Getty Photographs