Salame pleaded guilty in September to making tens of millions of dollars in unlawful campaign donations to boost causes supported by his boss
Ryan Salame, the former co-CEO of FTX’s Bahamian subsidiary and a top lieutenant to the bankrupt cryptocurrency exchange’s founder, Sam Bankman-Fried, was sentenced on Tuesday to 90 months in prison, U.S. federal prosecutors said on Tuesday.
Bankman-Fried himself was sentenced earlier this year to 25 years in prison for stealing $8-billion from FTX customers. A jury found him guilty in November on seven fraud and conspiracy counts stemming from FTX’s 2022 collapse, which prosecutors have called one of the biggest financial frauds in U.S. history.
In addition to the prison term, Salame, 30, was sentenced to three years of supervised release and ordered to pay more than $6-million in forfeiture and more than $5-million in restitution, prosecutors said in a statement on Tuesday.
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