Former FTX executive Ryan Salame significant other Michelle Bond denies campaign finance allegations
Michelle Bond, a significant other to former FTX co-CEO Ryan Salame, has pleaded not guilty in federal court in the Southern District of New York to four counts of campaign finance violations. The charges include conspiracy to cause illegal campaign contributions, causing and receiving excessive campaign contributions, causing and receiving illegal corporate contributions, and causing and receiving intermediaries. The charges stem from Bond's alleged concealment of funding sources while running for a Republican seat in the U.S. House of Representatives in 2022. Salame allegedly arranged for FTX to pay $400,000 to fund her campaign, while Bond allegedly made false statements to the Federal Election Commission (FEC) and congressional committees. Notably, Salame previously pleaded guilty and was sentenced to 90 months in prison, but after Bond was indicted, he asked the court to quash the guilty plea, saying it was based on the prosecution's promise not to investigate its significant other. Judge Lewis Kaplan said he would consider whether to quash Salame's guilty plea. Bond is still released on $1 million bail, but is restricted from traveling on U.S. soil. Judge George Daniels has scheduled a committal hearing for January 2025. In the FTX and Alameda Research criminal prosecution case, only Salame and SBF have been sentenced to prison as of September 18. Sentencing hearings for the other executives involved will take place in the coming months.