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Ryan Salame, a former top lieutenant to Sam Bankman-Fried at the collapsed FTX crypto exchange, announced his arrival at FCI Cumberland prison in Maryland by lighthearedly updating his LinkedIn profile with the new position of “inmate.” “I’m happy to share that I’m starting a new position as Inmate at FCI Cumberland!” the former FTX Digital Markets co-CEO wrote on LinkedIn. Ryan Salame Enters FCI Cumberland After Several Delays The humorous job update comes after Salame was convicted in May this year following a guilty plea related to multiple charges, including campaign finance fraud and operating an unauthorized money-transmitting business. During his trial, the prosecution said that Salame had helped Bankman-Fried conceal financial statements to make investors believe that the now-defunct exchange was in a good financial position prior to its collapse. Salame reportedly also donated a large sum of money to support Republicans. Ryan Salame,...

Ryan Salame, the former co-chief exec of FTX Digital Markets, has been sentenced to 90 months in prison for conspiracy to make unlawful political contributions and conspiracy to operate an unlicensed money transmitter. Salame has also been ordered to make $6 million in forfeiture and $5 million in restitution. Salame was directly involved in the usage of the ‘North Dimension’ entity to aid in maintaining access to bank accounts for FTX, despite it not being appropriately licensed to serve as a money transmitter. He was also instrumental in FTX’s political influence scheme, working with Sam Bankman-Fried and Nishad Singh to make hundreds of unlawful political donations. Additionally, FTX Digital Markets made hundreds of thousands of dollars worth of payments to Michelle Bond, a failed congressional candidate and romantic partner to Salame. Bond additionally received donations to her campaign from FTX US. Salame’s sentence weighs in at significantly less than t...