**Former FTX Executive Ryan Salame Accuses Caroline Ellison of Dishonesty After Sentencing**
In a recent turn of events, Ryan Salame, a former executive at FTX, has publicly criticized Caroline Ellison, the former CEO of Alameda Research, for what he claims is dishonesty following her sentencing on September 24 for her involvement in the downfall of FTX.
**Salame Calls Out Ellison**
Salame took to X to express his discontent with Ellison, who received a 24-month federal prison sentence after entering a cooperation agreement with the U.S. government. He implied that she had fabricated information in an effort to secure a lighter sentence for her role in the troubled cryptocurrency exchange. In a post, he remarked, “Snitching is one thing, but completely fabricating stories and lying about other matters is next-level brilliant.”
Earlier this year, Salame pleaded guilty to charges of conspiracy related to operating an unlicensed money business and making unlawful political contributions, leading to a sentence of 7.5 years—substantially longer than Ellison’s. He commented, “I should have stolen everyone’s money so I could go to jail for a significantly shorter time. For those claiming I didn’t cooperate, that’s simply not true; I just didn’t lie during my interviews to save myself.”
**Ellison’s Cooperation with Federal Authorities**
Caroline Ellison, who previously dated FTX founder Sam Bankman-Fried, served as a key witness for the prosecution, testifying for three days against the disgraced figurehead of the crypto industry. She confessed to her involvement in an $8 billion fraud scheme, revealing that she had created deceitful balance sheets to mislead investors and obscure the criminal activities.
Federal prosecutors advocated for a more lenient sentence for Ellison, emphasizing her crucial role in securing a conviction against Bankman-Fried. In a letter dated September 17 to Judge Lewis Kaplan, they stated, “The ‘what’ and ‘how’ of the crimes, as well as the ‘why,’ would have been difficult to establish without Ellison’s testimony.” They further noted that, unlike others such as Salame, who attempted to withdraw significant amounts from their FTX accounts shortly before the company’s bankruptcy, Ellison refrained from such actions.
In a separate development, Salame is currently seeking to overturn his guilty plea. This comes after the indictment of his partner, Michelle Bond, on campaign finance violations. He alleges that federal prosecutors promised to halt their investigation into Bond if he would accept the charges against him.
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