Former Bankman-Fried lieutenant pleads guilty to illegal campaign contributions ...Middle East

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Former Bankman-Fried lieutenant pleads guilty to illegal campaign contributions
NEW YORK: Ryan Salame, the former co-CEO of FTX’s Bahamian subsidiary and a top lieutenant to the bankrupt cryptocurrency exchange’s founder Sam Bankman-Fried, pleaded guilty on Thurday to making tens of millions of dollars in unlawful campaign donations to boost causes supported by his boss.In court filings on Thursday, prosecutors said Salame, Bankman-Fried, and former FTX engineering chief Nishad Singh used FTX customer funds to donate to candidates supporting crypto-friendly legislation.He was the fourth former executive from Bankman-Fried’s companies to plead guilty. Bankman-Fried is scheduled to stand trial Oct 3 on charges of stealing billions of dollars in FTX customer funds to plug

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