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US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal

US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal

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Source: Coin Telegraph

Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China. 

United States prosecutors in the case against Ryan Salame have allegedly linked the former FTX Digital Markets co-CEO to the names of Thai prostitutes as part of efforts to unfreeze accounts tied to FTX and Alameda Research.

In a Sept. 5 filing in the US District Court for the Southern District of New York, US Attorneys filed a memorandum opposing Salame’s motion to vacate his guilty plea as part of charges involving campaign finance violations. The former FTX co-CEO had already withdrawn his petition to vacate the plea on Aug. 29, but Judge Lewis Kaplan said both parties would appear on Sept. 12 to address the matter at a hearing. 

The prosecutors’ motion did not mince words, calling Salame’s petition “shameless and self-serving” and “procedurally defective and factually and legally meritless.” He initially filed the petition after authorities suggested they would pursue an investigation into his partner, Michelle Bond. 

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Author: Turner Wright