Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg
It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.
Binary trading platforms with better performance and payouts
Sam Bankman-Fried
It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.
The U.S. Department of Justice still plans to argue that Sam Bankman-Fried conducted an “illegal campaign finance” scheme when it goes to trial in October, prosecutors said Tuesday, two weeks after saying they couldn’t bring a campaign finance charge against the FTX founder due to treaty obligations.
Sam Bankman-Fried’s repeated efforts to contact witnesses and influence their testimony shows that “no combination of conditions will reasonably assure the safety of the community,” prosecutors said in a written filing calling for his bond to be revoked.
Republican candidate Vivek Rameswamy is rightly furious over dropped campaign finance charges. But the charges are likely to return after a procedural adjustment – and claims of corruption do more harm than good.
Prosecutors just withdrew a campaign finance charge ahead of Sam Bankman-Fried’s criminal trial this October. That doesn’t mean the U.S. Department of Justice is letting the FTX founder off on alleged criminal conduct, however – and campaign finance charges could still be tried later.
Are Sam Bankman-Fried’s victims being ripped off a second time?
U.S. Judge Lewis Kaplan denied several of Sam Bankman-Fried’s motions to dismiss criminal charges against him. He had previously denied the FTX founder’s remaining motions to dismiss charges.
New claims put FTX and Alameda Research founder Sam Bankman-Fried and his friends even closer to the center of a brazen conspiracy.
The founder of collapsed crypto enterprise FTX had argued legal advice from the Silicon Valley law firm was “at the core” of the government’s criminal allegations against him.