Ryan Salame, a former FTX top executive who worked alongside Sam Bankman-Fried, is set to report to federal prison in Maryland on Friday. He pleaded guilty to campaign finance fraud in May and will serve a sentence of seven-and-a-half years.
Salame, 31, announced the change in location and scenery by updating his LinkedIn Thursday with the news.
“I’m happy to share that I’m starting a new position as Inmate at FCI Cumberland!” he wrote.
After going viral on LinkedIn, an account that appears to be Salame (with a bio that reads: “7.5 year prison sentence. Former: Free man, US Republican Mega-donor, CEO of FTX Digital Markets, Circle Trade, CPA. HK/US/Bahamas. Not a lawyer,” took to X with another joke.
Today I learned people still use LinkedIn
— Ryan Salame (@rsalame7926) October 11, 2024
Bankman-Fried, who founded the now-bankrupt cryptocurrency exchange FTX, was found guilty in November on seven counts, including fraud, embezzlement, and criminal conspiracy, for stealing $8 billion from FTX customers. He’s serving a 25-year sentence.
In a press release in September 2023, U.S. Attorney Damian William said, “Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law.”
Related: From Tom Brady to Kevin O’Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse
Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd. – Stephanie Keith/Bloomberg | Getty Images
