FTX cryptocurrency fraudster Sam Bankman-Fried’s prime lieutenant made enjoyable of the onerous time he’s about to serve with a light-hearted put up on LinkedIn.
Ryan Salame, who previously served as co-CEO of FTX Digital Markets, will begin an almost eight-year jail time period on Friday for making tens of tens of millions of {dollars} in illegal marketing campaign donations to help Bankman-Fried’s political machinations.
“I’m completely happy to share that I’m beginning a brand new place as inmate at FCI Cumberland!” Salame wrote on the social networking web site on Wednesday.
FCI Cumberland is a medium-security federal jail for male offenders in Maryland “with an adjoining minimal safety satellite tv for pc camp,” in line with its web site.
It has a complete of 1,001 inmates throughout the 2 websites.
Salame didn’t cooperate within the federal trial in opposition to Bankman-Fried, although he did present almost 600,000 pages of paperwork to authorities.
He had notably tipped off authorities in November 2022 that FTX buyer funds have been being secretly transferred to “cowl monetary losses” at Bankman-Fried’s buying and selling agency Alameda Analysis.
Nonetheless, Salame acquired a jail time period that was harsher than the sentence sought by prosecutors after pleading responsible to at least one depend of conspiracy to make illegal political contributions and one depend of conspiracy to function an unlicensed cash transmitting enterprise.
He was additionally pressured to forfeit greater than $1.5 billion as a part of the plea deal, although prosecutors agreed to besides $6 million, two Massachusetts properties and a 2021 Porsche to fulfill the phrases.
Bankman-Fried was sentenced earlier this 12 months to 25 years in jail for stealing $8 billion from FTX prospects.
With Submit wires
