Ex-Alameda Research co-CEO calls for ‘fair’ sentencing of Ryan Salame
Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely remained absent from the public eye since the collapse of FTX.
Former Alameda Research co-CEO Sam Trabucco, who resigned from the company before the collapse of cryptocurrency exchange FTX and criminal charges for many of its executives, has called for leniency in sentencing former FTX Digital Markets co-CEO Ryan Salame.
In a character reference letter dated May 6, filed with a sentencing recommendation in the United States District Court for the Southern District of New York, Trabucco said Salame was his best friend and wanted the consequences of his criminal actions to be “fair” based on his role in misappropriating FTX user funds. He described his friendship with Salame based on their shared experiences in the crypto space and working with former FTX CEO Sam “SBF” Bankman-Fried.
In September 2023, Salame pleaded guilty to conspiracy to operate an unlicensed money transmitting business and engaging in campaign finance fraud related to contributions to his girlfriend Michelle Bond’s run for Congress. According to Trabucco, Bond and Salame now have a son together, and any time in prison could harm his relationship with his family.
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Author: Turner Wright
