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Ex-FTX Executive Ryan Salame Could Forfeit $1.5B as Part of Guilty Plea

2 years ago
in Crypto Updates
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As a part of his plea settlement with the federal government, Salame may in the end forfeit greater than $1.5 billion {dollars}. He agreed handy over $6 million earlier than his sentencing, scheduled for March of subsequent yr. To assist cowl this quantity, Salame has already agreed to offer the federal government a “2021 Porsche vehicle” and a number of properties, together with two Massachusetts properties and possession of the East Rood Farm Company, an entity Salame owns. Based mostly on federal sentencing pointers, Salame may withstand 10 years in jail.



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Tags: 1.5BExecutiveExFTXForfeitguiltypartPleaRyanSalame
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