Ryan Salame, Former FTX Executive, Requests an 18-Month Sentence, Citing Cooperation and Remorse

Former FTX Executive Ryan Salame is seeking a lenient sentence of 18 months, citing his cooperation with authorities and genuine remorse. Salame, who pleaded guilty to election fraud charges in September, was responsible for managing wire deposits and fiat currency conversions for FTX customers during his time at the company. He also participated in political contributions using Alameda funds and led charitable initiatives in the Bahamas. Salame’s attorneys argue that his role in the fraudulent activities was less central and more operational, claiming that he had no knowledge of the conspiracies orchestrated by the individuals at the center of Alameda and FTX. They further state that Salame did not steal from anyone or deceive customers and that he promptly reported the fraud to authorities in the Bahamas when he became aware of it. Salame willingly provided documents to the U.S. Attorney’s Office without the need for a grand jury subpoena. His attorneys also address the negative media scrutiny surrounding FTX and its CEO, Sam Bankman-Fried, stating that it has already resulted in punishment for Salame both personally and professionally. Salame’s association with FTX and Bankman-Fried is said to hinder his job prospects. Caroline Ellison and Gary Wang, former executives at Alameda-FTX, have also pleaded guilty to charges and are seeking plea deals to avoid imprisonment. The court will consider Salame’s sentencing memorandum, along with other relevant factors, before making a final decision on his sentence.