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Former FTX Executive Deserves 5 to 7 Years in Prison, US Says
Former FTX executive Ryan Salame should serve five to seven years in prison, prosecutors say, for criminal charges stemming from the multibillion-dollar collapse of the cryptocurrency empire. In a sentencing memo filed in federal court in Manhattan on Tuesday, federal prosecutors said the 30-year-old pleaded guilty to “serious crimes, and a substantial sentence is required to ensure that Salame receives just punishment.” Salame’s lawyers have argued he should serve no more than 18 months. “The campaign finance offense is one of the largest-ever in American history, and the unlicensed money transmitting ... (full story)