{"id":179784,"date":"2023-08-08T21:39:55","date_gmt":"2023-08-08T21:39:55","guid":{"rendered":"https:\/\/precoinnews.com\/?p=179784"},"modified":"2023-08-08T21:39:55","modified_gmt":"2023-08-08T21:39:55","slug":"former-ftx-exec-ryan-salame-and-us-prosecutors-are-discussing-a-plea-deal-report","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/former-ftx-exec-ryan-salame-and-us-prosecutors-are-discussing-a-plea-deal-report\/","title":{"rendered":"Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report"},"content":{"rendered":"<p>Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States.<\/p>\n<p>According to an Aug. 8 Bloomberg report, lawyers for Salame could enter a guilty plea as early as September, in advance of former FTX CEO Sam Bankman-Fried\u2019s criminal trial, scheduled to start on Oct. 2. Prosecutors had reportedly been investigating Salame for potential violations of U.S. campaign finance laws related to his girlfriend Michelle Bond\u2019s run for Congress, in which they both allegedly exceeded the federal limits on contributions.<\/p>\n<p>It\u2019s unclear whether Salame could be a witness at either of Bankman-Fried\u2019s trials \u2014 one for seven counts starting in October 2023 and another for five counts starting in March 2024. FTX Digital Markets was the crypto exchange\u2019s affiliate in the Bahamas, where Salame tipped off the authorities about FTX\u2019s and Bankman-Fried\u2019s alleged fraud. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Prosecutors will still consider Sam Bankman-Fried\u2019s alleged campaign finance scheme at trial<\/em><\/strong><\/p>\n<p>Bankman-Fried has pleaded not guilty to all 12 charges he\u2019s currently facing. However, former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to fraud charges in December 2022. Ellison is expected to be a witness in the U.S. prosecutors\u2019 case against Bankman-Fried starting in October despite recently being targeted in a New York Times article exposing personal details about her relationship with the former CEO.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Can you trust crypto exchanges after the collapse of FTX?<\/em><\/strong><\/p>\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/former-ftx-exec-ryan-salame-prosecutors-discuss-plea-deal\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ryan Salame, the former co-CEO of FTX<\/p>\n","protected":false},"author":3,"featured_media":179783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report - 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