CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-05-25 17:03:00

Prosecutors Seek Up to 7 Years for Former FTX Executive Ryan Salame in Crypto Fraud Case

U.S. prosecutors are seeking a five to seven-year prison sentence for former FTX executive Ryan Salame, who was allegedly a key accomplice to FTX co-founder Sam “SBF” Bankman-Fried, in connection with the collapse of the FTX crypto exchange. On May 21, federal prosecutors submitted a sentencing memo to a Manhattan federal court, calling for a strict sentence for Salame, who has pleaded guilty to serious crimes related to the misuse of FTX investors’ funds. According to a court filing viewed by Bloomberg, the prosecutors are advocating for a “just punishment” that reflects the severity of Salame’s crimes, contrary to his

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.