The U.S. Attorney’s Office has opposed former FTX Digital Markets co-CEO Ryan Salame’s request to rescind his plea agreement. Salame pleaded guilty to campaign finance violations and was sentenced to seven and a half years in prison. His lawyers filed to rescind the agreement, saying prosecutors hinted during negotiations that they would not investigate Salame’s partner, Michelle Bond. However, authorities filed a new indictment against Bond on August 22, charging her with campaign finance violations related to her 2022 run for a U.S. House seat.
Salame argued that he pleaded guilty because the government promised not to investigate Bond. The filing said the allegation was “patently false.” Salame also faces about $6 million in fines and restitution.
Salame is scheduled to go to prison on October 13, and if the court accepts his rescission request, he could face a full criminal trial. Salame did not testify in the trial against former FTX CEO SBF, while former FTX executives Nishad Singh and Gary Wang have pleaded guilty and testified. SBF has been sentenced to 25 years in prison, and Ellison's sentencing hearing has not yet been scheduled. (Cointelegraph)