FTX cryptocurrency fraudster Sam Bankman-Fried’s top lieutenant made fun of the hard time he’s about to serve with a light-hearted post on LinkedIn.
Ryan Salame, who formerly served as co-CEO of FTX Digital Markets, will start an almost eight-year prison term on Friday for making tens of hundreds of thousands of dollars in illegal campaign donations to support Bankman-Fried’s political machinations.
“I’m comfortable to share that I’m starting a recent position as inmate at FCI Cumberland!” Salame wrote on the social networking site on Wednesday.
FCI Cumberland is a medium-security federal prison for male offenders in Maryland “with an adjoining minimum security satellite camp,” in keeping with its website.
It has a complete of 1,001 inmates across the 2 sites.
Salame didn’t cooperate within the federal trial against Bankman-Fried, though he did provide nearly 600,000 pages of documents to authorities.
He had notably tipped off authorities in November 2022 that FTX customer funds were being secretly transferred to “cover financial losses” at Bankman-Fried’s trading firm Alameda Research.
Nonetheless, Salame received a jail term that was harsher than the sentence sought by prosecutors after pleading guilty to at least one count of conspiracy to make illegal political contributions and one count of conspiracy to operate an unlicensed money transmitting business.
He was also forced to forfeit greater than $1.5 billion as a part of the plea deal, though prosecutors agreed to except $6 million, two Massachusetts properties and a 2021 Porsche to satisfy the terms.
Bankman-Fried was sentenced earlier this yr to 25 years in prison for stealing $8 billion from FTX customers.
With Post wires
FTX cryptocurrency fraudster Sam Bankman-Fried’s top lieutenant made fun of the hard time he’s about to serve with a light-hearted post on LinkedIn.
Ryan Salame, who formerly served as co-CEO of FTX Digital Markets, will start an almost eight-year prison term on Friday for making tens of hundreds of thousands of dollars in illegal campaign donations to support Bankman-Fried’s political machinations.
“I’m comfortable to share that I’m starting a recent position as inmate at FCI Cumberland!” Salame wrote on the social networking site on Wednesday.
FCI Cumberland is a medium-security federal prison for male offenders in Maryland “with an adjoining minimum security satellite camp,” in keeping with its website.
It has a complete of 1,001 inmates across the 2 sites.
Salame didn’t cooperate within the federal trial against Bankman-Fried, though he did provide nearly 600,000 pages of documents to authorities.
He had notably tipped off authorities in November 2022 that FTX customer funds were being secretly transferred to “cover financial losses” at Bankman-Fried’s trading firm Alameda Research.
Nonetheless, Salame received a jail term that was harsher than the sentence sought by prosecutors after pleading guilty to at least one count of conspiracy to make illegal political contributions and one count of conspiracy to operate an unlicensed money transmitting business.
He was also forced to forfeit greater than $1.5 billion as a part of the plea deal, though prosecutors agreed to except $6 million, two Massachusetts properties and a 2021 Porsche to satisfy the terms.
Bankman-Fried was sentenced earlier this yr to 25 years in prison for stealing $8 billion from FTX customers.
With Post wires
