Connect with us

Hi, what are you looking for?

Us authorities oppose ex ftx execs motion to void plea deal
Us authorities oppose ex ftx execs motion to void plea deal

Law

US Government Challenges Ryan Salame’s Attempt to Overturn Guilty Plea

The U.S. Attorney’s Office is challenging former FTX executive Ryan Salame’s attempt to void his guilty plea, arguing that his claims about a broken promise involving the investigation into his partner, Michelle Bond, are unfounded. Salame’s petition, alleging misleading tactics by prosecutors, has been firmly contested by the government with a court hearing scheduled to address the matter further.

The U.S. Attorney’s Office has opposed a motion from former FTX executive Ryan Salame to nullify his guilty plea, asserting that his claims about prosecutors misleading him are baseless.

In a recent filing, the U.S. Attorney’s Office criticized Salame’s petition to overturn his plea agreement, which led to a 90-month prison sentence. Salame’s legal team had argued that during plea negotiations, prosecutors suggested they would halt their investigation into his partner, Michelle Bond, if he pleaded guilty. However, the government sharply refuted this claim.

On August 22, prosecutors unsealed an indictment against Bond for alleged campaign finance violations related to her 2022 congressional campaign. Salame contends that this indictment contradicts the agreement he believed he had, in which prosecutors supposedly promised to drop the investigation into Bond.

The government’s filing dismisses Salame’s argument as “demonstrably false,” insisting that Bond’s indictment pertains to separate issues from Salame’s case. Prosecutors maintain that the ongoing investigation into Bond does not breach any promises made to Salame during his plea deal.

Salame had previously pleaded guilty to charges of operating an unlicensed money-transmitting business and engaging in campaign finance fraud. His petition, filed on August 21, seeks to either overturn his conviction or compel the government to honor their alleged agreement regarding Bond.

The case continues to unfold with a court hearing set for September 12, which will determine the future of both Salame’s plea deal and the ongoing investigation into Bond.

author avatar
CryptoCorn
CryptoCorn is Editor and Author at 4C Media Co. and covers all stories and news related to Crypto & Finance. Excellent blogger and Passionate Crypto Trader. Follow her on twitter at @cryptocorn7.
Advertisement

You May Also Like

Cryptocurrency

Polkadot Blockchain Academy is introducing a new blockchain technology training specifically for policymakers. The class, which is being held in Switzerland, will teach UK...

Cryptocurrency

A critical milestone in the continuous bankruptcy process of FTX, it has started a $1.2 billion payments to its creditors. Targeted at consumers with...

Cryptocurrency

Linked to the dubious LIBRA token, Hayden Davis reportedly talked about paying the sister of Argentine President Javier Milei in order to have sway...

Cryptocurrency

May 30, 2025 is when FTX has said the next round of creditor repayments will start. Aiming to make users impacted by the fall...

polkadot
Polkadot (DOT) $ 5.08 1.39%
bitcoin
Bitcoin (BTC) $ 98,265.33 1.10%
ethereum
Ethereum (ETH) $ 2,751.05 0.41%
cardano
Cardano (ADA) $ 0.804282 3.12%
xrp
XRP (XRP) $ 2.66 2.02%
stellar
Stellar (XLM) $ 0.339196 0.91%
litecoin
Litecoin (LTC) $ 135.22 2.19%