Former FTX exec Salame to forfeit $1.5 billion, pleads guilty to two criminal counts

By / / Gov & Politics / 1 minute of reading


FTX logo displayed on a phone screen is seen through the broken glass in this illustration photo taken in Krakow, Poland on November 14, 2022.

Jakub Porzycki/NurPhoto via Getty Images

Former FTX executive Ryan Salame pleaded guilty Thursday to federal campaign finance and money-transmitting crimes, and agreed to forfeit more than $1.5 billion.

Salame faces a maximum possible sentence of 10 years in prison.

This is breaking news. Please check back for updates.



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Sabrina Pearce is a writer for Stroom News, and her work has appeared in the arts, construction, automotive, travel, real estate, and fashion sections of the site. She's also an avid reader who spends her time indulging her love of fiction and nonfiction books alike.
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