On May 3rd, former FTX Digital Markets co-CEO Ryan Salame agreed to transfer millions of dollars of his property in the Bahamas as part of a plea deal in a criminal case.
Salame has agreed to give up his $5.90 million property in the Bahamas, according to a motion filed by FTX Trading Ltd and its affiliated debtors in the U.S. Bankruptcy Court for Delaware on May 1.
Salame pleaded guilty in September 2023 to criminal charges in a plea agreement that required it to pay $5.60 million in restitution to its debtors. Instead of paying cash, Salame proposed transferring a home he owned to FTX Digital Markets Ltd. to meet the restitution claim.
Former FTX executive Ryan Salame will be sentenced in a New York court on May 28 after pleading guilty to criminal charges. It is reported that Ryan Salame pleaded guilty in September to conspiracy to commit illegal political contributions and conspiracy to operate an unlicensed money transfer business.
Former FTX executive Ryan Salame agrees to give up $5.90 million worth of Bahamian property as compensation
2024-05-03 03:17:25
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