Former FTX Executive Pleads For an 18-Month Maximum Sentence
- Ryan Salame’s lawyers have asked for a lenient sentence for their client.
- The lawyers begged the court to sentence Salame to not more than 18 months in prison.
- Salame served as the CEO of the Bahamian portion of FTX.
Following a guilty plea from last September, lawyers for former FTX executive Ryan Salame have asked for a lenient sentence for their client. In a recent filing, Salame’s representatives asked the court to sentence the accused to not more than 18 months in prison, noting that a lenient sentence would satisfy the purpose of sentencing while allowing him to continue contributing positively toward society.
In support of their plea, Salame’s lawyers highlighted that their client did not play a central role in FTX’s fraudulent activities. Instead, they argued that he lost most of his fortune with the collapse after the crypto exchange filed for bankruptcy in 2022.
The lawyers highlighted Salame’s contributions to the community as part of their plea bargain. According to them, those who know the accused regard him as “an outstanding member of the community.” The lawyers further n…
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