Former FTX Executive Ryan Salame Under U.S. Prosecutors' Investigation for Campaign Finance Violations
Prosecutors are currently examining both Michelle Bond, a congressional candidate from 2022, and her boyfriend, Ryan Salame, who is a former executive at FTX. The investigation is underway to gather information and assess any potential implications.
Because Bitcoin
July 11, 2023
According to the Wall Street Journal's report on Tuesday, federal prosecutors in Manhattan are examining a former FTX executive's activities to determine if he violated campaign finance laws during his girlfriend's congressional campaign last year.
Ryan Salame, formerly the co-chief executive of FTX's unit based in the Bahamas, is under investigation for potential misconduct in circumventing federal limits on contributions to Michelle Bond's campaign for the Republican primary in New York's 1st congressional district.
It is worth noting that the investigation involving Salame is separate from the one involving FTX founder Sam Bankman-Fried, which encompasses campaign finance violations, fraud, and conspiracy. Salame has not been charged in relation to the FTX case.
The investigation focuses on monetary donations made by Salame to Bond's campaign. The probe began in April when authorities executed a search warrant at the couple's Maryland residence and confiscated their cellphones. During Bond's campaign, she served as the CEO of a trade group called the Association for Digital Asset Markets and also worked as a consultant for FTX.
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