Fun

Partner of ex-FTX exec hit with campaign finance charges

News Feed - 2024-08-23 03:08:56

Turner Wright5 hours agoPartner of ex-FTX exec hit with campaign finance chargesMichelle Bond, who ran for a seat in the US House of Representatives in 2022, faces four charges related to violations of campaign finance law.1913 Total views1 Total sharesListen to article 0:00Breaking newsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onUnited States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law.


In an indictment unsealed on Aug. 22 in the US District Court for the Southern District of New York, US Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the US House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate contribution, and causing and receiving a conduit contribution.


The unnamed co-conspirator — Bond’s “romantic partner” and a “high-level executive at a now-defunct cryptocurrency exchange,” likely referring to Salame — allegedly arranged a $400,000 payment from the firm to Bond. Prosecutors alleged she made false statements to the Federal Election Commission and a congressional committee to conceal her and her co-conspirator’s conduct.Michelle Bond’s indictment. Source: SDNY


Bond ran as a Republican to represent New York’s 1st Congressional District in 2022, but her campaign did not move beyond the party’s primary. The indictment detailed communications between Bond and her co-conspirator regarding receiving and reporting funds for her congressional run. Partner going to prison


In September 2023, Salame pleaded guilty to conspiracy to operate an unlicensed money-transmitting business and engaging in campaign finance fraud. A federal judge sentenced the former FTX executiveto 7.5 years in prison, where he is scheduled to report on Oct. 13. 


Related:Former FTX exec will give up real estate, car and $11M following guilty plea: Report


On Aug. 21, Salame’s lawyers filed a petition seeking to void his guilty plea, claiming that he had a verbal agreement with prosecutors that Bond would not be charged. He has a nine-month-old child with Bond and claimed authorities were “going to come at me and my loved ones again.”


Amid Salame’s legal troubles, Bond launched a crypto-focused think tank to help create a “favorable regulatory environment” for financial technology, digital assets and artificial intelligence. She has been the CEO of consulting firm Capitol Advisory since 2023.


Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison in March after a 2023 trial. His legal team has filed a notice of appeal.


Magazine:‘Less flashy’ Mashinsky set for less jail time than SBF: Inner City Press, X Hall of Flame# Law# Politics# United States# Crimes# FTX# RegulationAdd reaction

News Feed

Zhiyuan Sun14 hours agoAzuki DAO rebrands to ‘Bean’ as it drops lawsuit against founderThe DAO previously proposed a lawsuit against Azuki creator Zagabond over a dilutive $39 million NFT minting that took place in J
Ethereum DApp volume surges by 83%, but there could be a catch
Marcel Pechman3 hours agoEthereum DApp volume surges by 83%, but there could be a catchEthereum network volumes have soared, but a single decentralized application accounted for 59.5% of the entire network’s volume.920
Reports Say FTX Warns Customers Not to Interact With Aztec Network, CEO Sam Bankman-Fried Responds
Reports Say FTX Warns Customers Not to Interact With Aztec Network, CEO Sam Bankman-Fried Responds According to reports on social media, a number of users have complained that FTX
​​GensoKishi Online’s MV (Metaverse) Token to Be Listed on QuickSwap (DEX)
​​GensoKishi Online’s MV (Metaverse) Token to Be Listed on QuickSwap (DEX) press release PRESS RELEASE. GensoKishi is pleased to announce that the MV (Metaverse) token has bee
SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi Exchange
SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi ExchangeThe U.K.-based Simple Ledger Protocol (SLP) exchange Cryptophyl is closing its doors in order to res
Save the Children Senior Advisor: We Chose ADA Because Its Backed by the Cardano Foundation
Save the Children Senior Advisor: We Chose ADA Because Its Backed by the Cardano Foundation In July 2021, the non-governmental organization (NGO) Save the Childr
Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong
Gareth Jenkinson11 hours agoNasdaq-listed Tiger Brokers rolls out online crypto trading to Hong KongThe Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S.
Brayden Lindrea6 hours agoFTX Foundation staffer fights for $275K bonus promised by SBFFTX Foundation employee Ross Rheingans-Yoo said he was not part of Sam Bankman-Fried’s “inner circle” and knew nothing about FT
Putin Orders Russian Government to Prepare to Check Officials With Crypto Assets
Putin Orders Russian Government to Prepare to Check Officials With Crypto Assets President Vladimir Putin has tasked several ministries and the central bank to p
3 Ethereum price metrics point to further downside in ETH
Nancy Lubale6 hours ago3 Ethereum price metrics point to further downside in ETHETH’s price continues to underperform Bitcoin’s price, and the downside is set to continue.1130 Total views2 Total sharesListen to artic
Paris Saint-Germain Soccer Club Files Trademark Application to Get Into the Metaverse and NFTs
Paris Saint-Germain Soccer Club Files Trademark Application to Get Into the Metaverse and NFTs The PSG (Paris Saint-Germain) FC, a soccer club in Europe, has taken its first steps
Germany Shuts Down Hydra Market, Seizes Servers and Bitcoin
Germany Shuts Down Hydra Market, Seizes Servers and Bitcoin Law enforcement agencies in Germany have targeted Hydra, a leading darknet market (DNM). As part of an operation conduct