Prison Sentence For Former FTX Executive Ryan Salame Reduced By 1 Year
The prison sentence for Ryan Salame, the former FTX Digital Markets co-CEO, was reduced by 1 year. Following the shortened prison time, Salame’s release date was changed from around April 2032 to March 1, 2031, according to Bureau of Prison records . The reasons for the reduced sentence remain unclear. Judge Initially Sentenced Ryan Salame To 7.5 Years In Prison Salame pleaded guilty to engaging in campaign finance fraud and conspiracy to operate an unlicensed money-transmitting business in September 2023. His attorneys sought a shorter prison sentence no longer than 18 months initially, arguing that Salame’s asset forfeitures were already a significant punishment. They also claimed that he was unaware of the fraud at FTX. Ryan Salame’s sentence shortened by a year after showing good behavior in prison. A controversial move, given his involvement in one of crypto’s biggest collapses. #FTX #CryptoFraud #RyanSalame pic.twitter.com/M4YBbsNZDg — Mrliss...