Fun

Ryan Salame seeks to void guilty plea, says fed didn’t keep promise

News Feed - 2024-08-22 12:08:11

Martin Young5 hours agoRyan Salame seeks to void guilty plea, says fed didn’t keep promiseThe government has reneged on its agreement to stop investigating his partner, claims former FTX executive Ryan Salame.   739 Total views10 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onFormer top FTX executive Ryan Salame is seeking to void his guilty plea in a criminal case involving campaign finance and money-transmitting crimes, claiming prosecutors reneged on their agreement not to investigate his fiancée. 


On Aug. 21, Salame filed a petition for a “writ of coram nobis” (legal order allowing a court to correct its original judgment) seeking post-conviction relief related to his plea deal. 


The former FTX executive pleaded guilty to two felony charges in September 2023. 


He alleges that during plea negotiations, the government implied it would not continue investigating his partner, Michelle Bond, for campaign finance violations if Salame pleaded guilty.


Salame claims he pleaded guilty based on this assurance, but the government has since resumed investigating Bond.


He argues that the government should be held to its commitment, either by dismissing any charges against his partner or allowing him to withdraw his guilty plea.


The former crypto executive also argued that the prosecutor’s tactics of using a third party as leverage to induce his plea was “improper” and “coercive,” and his plea should be invalidated on those grounds. The filing read: “If the Government is not held to its assurances, the Court should nonetheless grant post-conviction relief because the assurances made during the plea negotiations were unlawfully coercive, and the entire plea agreement and conviction must be vacated.”


Salame seeks either dismissal of any charges against Bond, vacating of his own conviction, or, at minimum, a hearing or discovery on these issues.Salame alleges the plea negotiations were “unlawfully coercive. Source: Courtlistener


In a post on X on Aug. 22, Salame said I’ve just made a court filing that “I’m pretty nervous about because I know it means the most powerful body in the world is going to come at me and my loved ones again.”


In a subsequent tweet, he added: 


“Government replied - my submission is SELF-SERVING?? Literally, the opposite, lock me up, just abide by the promise you know you know you made if I agreed.”Source:Ryan Salame


Related:Failed House candidate and partner of ex-FTX exec starts crypto think tank


Federal prosecutors investigated ex-congressional candidate Michelle Bond in 2023 regarding contributions to her 2022 campaign for the Republican primary in New York’s first congressional district.


The investigators scrutinized the funds Salame gave to Bond and the loans she provided for her campaign, according to the WSJ.


The former FTX Digital Markets co-CEO was sentenced to 7.5 years in prison in May over conspiracy to make unlawful political contributions and defraud the Federal Election Commission and conspiracy to operate an unlicensed money-transmitting business 


He is due to begin serving the sentence on Oct. 13 and was also ordered to pay more than $6 million in forfeiture and more than $5 million in restitution.


Magazine:‘Algo choice’ could fix toxic social media — but ad dollars mean it won’t# FTX# RegulationAdd reaction

News Feed

Charles Hoskinson questions AI’s censorship and selective training
Savannah Fortis14 hours agoCharles Hoskinson questions AI’s censorship and selective trainingCharles Hoskinson, co-founder of Cardano, raises concerns over AI censorship and the selective training of AI systems at the
DraftKings kills NFT business, citing 'legal developments’
Brayden Lindrea7 hours agoDraftKings kills NFT business, citing "legal developments’It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act a
Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale
Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a priva
Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume
Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume A great number of digital currencies have swelled in value this year and as the end
Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing
Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (
Arijit Sarkar10 hours agoYield Protocol to permanently ‘wind down’ operations by December 2023Unfavorable crypto regulations in the United States, Europe and the United Kingdom was one of the factors for Yield Protoc
Mark Cuban: If I Were Sam Bankman-Fried, I’d Be Afraid of Going to Jail for a Long Time
Mark Cuban: If I Were Sam Bankman-Fried, I"d Be Afraid of Going to Jail for a Long Time The billionaire owner of the NBA team Dallas Mavericks and a Stark Tank star, Mark Cuban, sa
Marcel Pechman12 hours agoHere’s why Bitcoin will hit $22K soonThis week, The Market Report discusses why $22,000 is the next logical step for Bitcoin and why BitMEX co-founder Arthur Hayes claims the bull market start
CoinDCX introduces protection fund to secure Indian crypto users
Josh O"Sullivan30 minutes agoCoinDCX introduces protection fund to secure Indian crypto usersCoinDCX"s Crypto Investors Protection Fund will enhance user security by allocating 2% of brokerage income annually to safeguar
BlockFi confirms July start for interim crypto distributions
Amaka Nwaokocha1 hour agoBlockFi confirms July start for interim crypto distributionsBlockFi clients are to note that client communications will exclusively occur via official email channels.304 Total views2 Total shares
Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater
Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater During the last few weeks, the total value locked (TVL) in decentralized fin
WATCH: How Blockchain Oracles Could Take Chainlink to New Highs
Chainlink CEO Sergey Nazarov says there’s one big thing holding back corporate adoption of blockchain technology: reliable oracle services that connect blockchain systems to real-world events, and vice versa.