Judge orders former FTX executive Ryan Salame to appear in court, quashing plea not granted
Federal judge Lewis Kaplan ordered former FTX Digital Markets co-chief executive Ryan Salame to appear in a New York courtroom on September 12, despite the withdrawal of his plea. Salame was originally scheduled to begin serving a 90-month sentence on August 29, but his sentence was postponed to October 13 due to medical problems caused by a dog bite.
Salame's legal team had filed to withdraw the plea, saying the authorities had agreed not to investigate her partner, Michelle Bond. However, on Aug. 22, prosecutors released the charges against Bond for violating campaign finance laws, and Salame withdrew the application.
Bond is accused of illegally funding his 2022 campaign for the U.S. House of Representatives and making false statements to the Federal Election Commission. Both are out on $1 million bail pending further trial. The outcome of Salame's case could affect the sentencing of other former FTX executives, including former CEO Sam Bankman-Fried and former Alameda CEO Caroline Ellison.