Ryan Salame, 30, is losing his Porsche 911 and getting 7.5 years in prison.
was sentenced Tuesday to seven and a half years in prison—even more than federal prosecutors recommended.Ryan Salame, 30, pleaded guilty to financial crimes in connection with his work for Bankman-Fried’s FTX cryptocurrency exchange and also admitted to helping make political contributions through the use of a straw donor to hide his boss’ connection.“The state of our political life in this country is in jeopardy,” he said, according to. “Efforts like that undertaken by Mr.
The defense asked the judge to give Salame just 18 months, while the feds called for five to seven years. Kaplan went with the prosecutors and tacked on an extra six months. Salame, who must pay $11 million in restitution and fines and forfeit $1.5 billion and a Porsche 911, is the first of four Bankman-Fried acolytes to be sentenced in connection with plea bargains.In their pre-sentencing filing, Salame’s defense attorney portrayed him as a victim of Bankman-Fried.
“He has been a good man who has done much good in this world, who conspired to commit two crimes while in the thrall of a criminal leader,” they wrote, citing his “genuine remorse, efforts to address his substance abuse issues, and the significant personal and financial losses he has already suffered as a result of the exchange’s collapse.”
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