Prosecutors Advocate for 5-7 Year Prison Term for Ryan Salame, FTX Executive

Prosecutors claim that Salame masterminded a scheme to enable customers to transfer fiat currency to their FTX accounts using U.S.-based bank accounts without adhering to federal registration regulations. Additionally, Salame allegedly participated in a fraudulent donation scheme, which involved illicitly funneling more than $100 million through the American political system.