Ryan Selkis, founder and CEO of Messari, a cryptocurrency market intelligence firm, has called out “Pharma Bro” Martin Shkreli for supposedly acting with federal agencies to hurt Donald Trump’s campaign. Shkreli, allegedly the creator of DJT, disregarded this notion, calling out Selkis for “watching too many movies.” Messari’s Ryan Selkis Accuses Martin Shkreli of Organizing […]
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Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence
Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing, will help keep a healthy demand on U.S. debt and […]
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Boxing Sensation Ryan Garcia Teases the Launch of His Own Meme Coin
In a series of recent social media posts, American professional boxer Ryan Garcia hinted at the creation of his own meme coin. “Whatever coin I create I will go hard asf,” Garcia stated in one post, indicating his commitment to the project. In a subsequent post, he added, “When I drop this meme coin, it’s […]
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Former FTX Executive Ryan Salame Sentenced to 7.5 Years for Criminal Charges
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison by Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York after pleading guilty to criminal charges, including engaging in an unlawful political influence campaign and operating an unlicensed money transmitting business. Salame, who once […]
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Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient punishment of no more than 18 months. Clash Over Sentencing: Prosecutors Demand 5-7 Years […]
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Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing
Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital Markets. Trabucco’s letter emerged amidst numerous inquiries about his whereabouts throughout the ongoing turmoil. In his message, Trabucco referred to Salame as his “best friend” […]
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Judge to Sentence Former FTX Executive Ryan Salame in Late May
Initially scheduled for May 1, the sentencing of Ryan Salame, former co-chief executive of FTX Digital Markets, has been deferred to May 28, 2024, in front of Judge Lewis Kaplan. Ryan Salame, Once FTX’s Co-Leader, Slated for May Sentencing Per the judicial records, Ryan Salame, once the co-chief executive at FTX Digital Markets, is slated […]
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Report: Former FTX Co-Chief Ryan Salame Contemplates Guilty Plea
According to insiders who reached out to Bloomberg, there are intriguing developments surrounding Ryan Salame, the former co-chief executive of FTX Digital Markets. The buzz is that he is gearing up to admit guilt in response to criminal charges. This marks a significant shift from his earlier stance, which was revealed in mid-August when he appeared poised to invoke the Fifth Amendment, thereby rendering himself unavailable as a potential witness.
Ryan Salame’s Dramatic Turn: From Invoking the Fifth to Pondering Guilty Plea
The current narrative presents a contrasting perspective, hinting at the potential formation of a plea agreement concerning Ryan Salame, the former co-chief of FTX. Citing “people familiar with the case,” Bloomberg reports that Salame is poised to enter a guilty plea in connection with the FTX collapse.
Bloomberg’s Ava Benny-Morrison delivered this report on September 7, 2023, diverging from the accounts of the previous month. During that period, court documents from the prosecution’s case against ex-FTX CEO Sam Bankman-Fried (SBF) had indicated that Salame had expressed his intention to invoke the Fifth Amendment if subpoenaed, rendering him “unavailable as a witness.”
Should Salame indeed plead guilty, he will become the fourth individual to do so, joining Caroline Ellison, Gary Wang, and Nishad Singh. SBF, on the other hand, has pleaded not guilty to all the criminal charges against him and is presently incarcerated, awaiting trial at the Metropolitan Detention Center in Brooklyn. The trial is scheduled for October, and SBF’s legal team is actively seeking his release from custody to prepare for the upcoming proceedings.
What do you think about the insiders who say Salame plans to enter a guilty plea? Share your thoughts and opinions about this subject in the comments section below.
Former FTX Co-CEO Ryan Salame to Plead the Fifth, Declares Himself ‘Unavailable as a Witness’
U.S. federal prosecutors have unveiled court documents indicating that ex-FTX CEO Sam Bankman-Fried (SBF) is entangled in a web of allegations, with illegal political campaign financing being a significant charge. In light of these allegations against SBF, Ryan Salame, FTX Digital Markets’ former co-CEO, has expressed his intent to plead the Fifth if summoned, thus becoming “unavailable as a witness.”
Former FTX Co-CEO Ryan Salame to Plead the Fifth
Merely a week prior, insiders hinted at Ryan Salame, ex-co-CEO of FTX Digital Markets, navigating a plea agreement. These sources claimed that part of the deal might involve Salame parting with his private jet. Yet, with the re-arrest of SBF and new campaign financing allegations surfacing, Salame’s potential contribution to the case seems limited.
The authorities have pushed for the inclusion of specific evidence during the trial, while sidelining other bits presented by SBF’s defense. The evidence in question encompasses SBF’s supposed bank deception, unlawful campaign contributions, international bribery, crypto price manipulation, and the implementation of auto-delete protocols within his firms.
Furthermore, the prosecution is attempting to remove certain defense-related evidence and arguments, deeming them either irrelevant or unjustly biased. These include claims about the victims’ lack of due diligence, the negative impact of the bankruptcy process on clients, the rapidity of the charges indicating ulterior motives, the idea that virtuous deeds signify innocence, and details about potential penalties. The government’s stance is that such evidence might muddle the issues, misguide the jury, lead to unnecessary delays, or provoke jury nullification.
In a pivotal move, the authorities aim to present alleged remarks by the former FTX co-CEO Ryan Salame, now an “unavailable witness,” about his supposed pact with SBF to illicitly fund political endeavors. Salame’s legal counsel has indicated that Salame would assert his Fifth Amendment right against self-incrimination if asked to testify. However, the prosecution posits that Salame’s remarks on being a conduit for donations remain valid under the exception to the hearsay rule in Rule 804(b)(3), given they are statements against his interests.
Prosecutors emphasize the credibility of Salame’s alleged comments, pointing to the trail of corporate funds channeled through his accounts for political contributions. Despite his absence, the government maintains that these purported remarks can be treated as statements against Salame’s legal interests. Reports have recurrently suggested that Salame funneled a whopping million to GOP candidates before FTX’s unraveling.
What do you think about Salame being unavailable to testify in the case against SBF? Share your thoughts and opinions about this subject in the comments section below.
Report: FTX Co-CEO Ryan Salame in Plea Deal Talks; Private Jet May Be Forfeited
A Bloomberg article, citing “people familiar with the case,” reveals that FTX’s co-CEO Ryan Salame is allegedly in talks with prosecutors, and a plea agreement could be forthcoming. Insiders also emphasize that Salame’s privately owned aircraft may be surrendered as part of the suspected plea deal.
Private Jet on the Bargaining Table as FTX’s Salame Discusses Plea Deal
Bloomberg’s Ava Benny-Morrison quotes sources who say Ryan Salame, the former co-CEO of FTX, could be negotiating a settlement with federal prosecutors concerning the collapse of the now-defunct cryptocurrency exchange.
Individuals in the know stated that Salame might enter a plea agreement as early as the upcoming month. Former FTX leader Sam Bankman-Fried is scheduled for trial in October after pleading not guilty to the charges against him.
Several colleagues have already reached plea agreements with federal prosecutors, including FTX co-founder Gary Wang, former FTX director of engineering Nishad Singh, and ex-Alameda Research CEO Caroline Ellison.
In late April, Federal Bureau of Investigation (FBI) agents searched Salame’s Maryland residence and confiscated his cell phone. Reports also indicate that Salame snitched on Bankman-Fried days before FTX declared bankruptcy.
The report by Benny-Morrison further specifies that prosecutors aim to confiscate some luxury assets acquired by FTX senior staff during the company’s peak. Sources mentioned by Benny-Morrison reveal that law enforcement is keen on having Salame forfeit his private jet.
These individuals indicated that the aircraft may play a role in the plea bargain negotiations. The report noted that messages seeking comment from Salame’s lawyers were not immediately returned.
How do you perceive the potential forfeiture of luxury assets, including Salame’s private jet, in the ongoing legal saga surrounding FTX’s collapse? Share your thoughts and opinions about this subject in the comments section below.