FTX exec Ryan Salame pleads guilty to criminal charges

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One more exec has pleaded guilty. | Illustration: The Verge

Ryan Salame, who ran FTX’s Bahamas subsidiary, pleaded guilty to two criminal charges on Thursday. They are conspiracy to make unlawful political contributions and defraud the Federal Election Commission and conspiracy to operate an unlicensed money transferring business.

“I made political contributions in my name that were funded by transfers from an Alameda subsidiary,” Salame said in court, according to CoinDesk.

The former FTX executive also agreed to turn over more than $1.5 billion in assets. Salame — like Caroline Ellison, Nishad Singh, and Gary Wang, the other three executives who’ve already pleaded guilty to fraud charges — was a member of Sam Bankman-Fried’s inner circle. He also spent millions on Republican election campaigns.

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