After Sam Bankman-Fried, Ryan Salame is one of the first individuals connected to FTX and Alameda Research to receive prison time.
A federal judge has sentenced former FTX Digital Markets co-CEO Ryan Salame to 7.5 years in prison after he pleaded guilty to two felony charges.
In a May 28 hearing in the U.S. District Court for the Southern District of New York, Judge Lewis Kaplan ordered Salame to serve 7.5 years in prison for conspiracy to operate an unlicensed money-transmitting business and engaging in campaign finance fraud. The former FTX executive pleaded guilty to the charges in September 2023 and had been awaiting sentencing.
“Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law,” said U.S. Attorney Damian Williams. “Salame’s involvement in two serious federal crimes undermined public trust in American elections and the integrity of the financial system. Today’s sentence underscores the substantial consequences for such offenses.”
