Former FTX Executive Ryan Salame Seeks 18-Month Sentence, Citing Cooperation and Remorse
Ryan Salame, a former executive at FTX who pleaded guilty to election fraud charges in September, is requesting leniency from the court in the form of an 18-month sentence.
According to a sentencing memorandum filed on Tuesday, Salame’s attorneys argue for a lighter sentence based on his cooperation with authorities and genuine remorse.
During his time at FTX and Alameda, Salame was responsible for managing wire deposits and fiat currency conversions for FTX customers.
He also participated in political contributions using Alameda funds and led charitable initiatives in the Bahamas.
In the filings, Salame’s attorneys emphasize that his role in the fraudulent activities was less central and more operational.
They said that he had no knowledge of the conspiracies orchestrated by the individuals at the center of Alameda and FTX.
CRYPTO CRIMINALS: After SBF Sentenced to 25 Years, Now FTX's Ryan Salame Asks for 18 Months – Inner City Press story: https://t.co/fXQAZ0JIEl pic.twitter.com/x4I6looTN3
— Inner City Press (@innercitypress) May 15, 2024
His attorneys added that Salame did not steal from anyone or deceive customers.
They claimed that he was unaware of the fraud until later, and he promptly blew the whistle by reporting it to authorities in the Bahamas.
“He had absolutely no knowledge that the four people at the center of Alameda and FTX had conspired to lie and to steal from their customers. Ryan stole from no one. He did not lie to customers,” they wrote.
“He was duped…when he finally understood the FTX fraud, he was the first person to blow the whistle to authorities in the Bahamas.”
Additionally, he willingly provided documents to the U.S. Attorney’s Office without the need for a grand jury subpoena.
Salame’s attorneys also
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