Former FTX Exec Ryan Salame Withdraws Guilty Plea Petition As Longtime Partner Michelle Bond Faces Criminal Charges

Former co-CEO of FTX Digital Markets Ryan Salame will no longer vacate his guilty plea for violating campaign financing and money-transmitting laws as his former longtime partner Michelle Bond faces criminal charges.

Salame withdrew his petition against the guilty plea on Aug. 29, according to a filing with the United States District Court for the Southern District of New York. “To be clear, Mr. Salame stands by the facts set forth in the Petition and his accompanying declaration,” Salame’s legal team said in the filing. 

Crypto booster Michelle Bond is running for Congress — with help from her FTX exec boyfriend | The Block

Prosecutors Call Claims By Ryan Salame “Demonstrably False”

On Aug. 29, prosecutors had unsealed an indictment against Bond that alleged she had violated campaign financing laws during her 2022 congressional campaign. Salame responded to the unsealed documents, claiming that the US Government would not pursue an investigation into Bond for her alleged violations as part of his guilty plea.

Prosecutors called Salame’s claims “demonstrably false,” and opposed the motion. After withdrawing his petition, Salame’s legal team told the court that Bond “may raise the matter” of her partner’s guilty plea in her case. 

“Mr. Salame is withdrawing the Petition, however, to allow the facts to be developed by Ms. Bond, and a ruling to be made, in her case,” Salame’s legal team said.

Bond Allegedly Lied To The Federal Election Committee To Conceal The Source Of Illegal $400K Payment

The campaign finance allegations against both Salame and Bond stem from allegations by prosecutors that both parties conspired to use funds from the now-defunct FTX exchange to fund Bond’s 2022 congressional campaign.

In the unsealed indictment, prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and receiving excessive campaign contributions, causing and receiving unlawful campaign contributions, and causing and receiving a conduit contribution.

That’s after Bond allegedly arranged an illegal payment of $400,000. Bond thanked Salame for “paying that invoice” shortly after the transfer, the indictment showed. Bond was also accused of making false statements to the Federal Election Commission as well as the congressional committee in an attempt to cover up the source of the funds.

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