Bloomberg: U.S. prosecutors recommend a prison sentence of 5 to 7 years for former FTX executive Ryan Salame

2024-05-22 11:15:18
Collection

ChainCatcher news, according to Bloomberg, U.S. prosecutors stated that former FTX executive Ryan Salame should be sentenced to 5 to 7 years in prison. In a sentencing memorandum submitted to the Manhattan federal court on Tuesday, federal prosecutors indicated that Salame admitted to "committing serious offenses and requires a substantial sentence to ensure Salame receives a fair punishment." His lawyer argued that his prison time should not exceed 18 months.

Prosecutors wrote: "Campaign finance violations are among the largest illegal activities in U.S. history, with unauthorized fund transfers trading over $1 billion without proper oversight." Salame is scheduled to be sentenced on May 28, and core members opposing SBF—Caroline Ellison, Nishad Singh, and Gary Wang—have yet to be sentenced.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators