Former FTX Executive Salame Sentenced to 7.5 Years in Prison (1)

The former chief executive of FTX’s Bahamas subsidiary was ordered to spend 7 1/2 years in prison, the first of Sam Bankman-Fried’s close associates to be sentenced in the wake of the cryptocurrency exchange’s implosion.

Ryan Salame dropped his head as Judge Lewis A. Kaplan sentenced him in a Manhattan courtroom Tuesday, eight months after he reached a plea deal with federal prosecutors over the multibillion dollar collapse of FTX. While he was not accused of helping FTX founder Sam Bankman-Fried steal about $10 billion from customers, investors and lenders, Salame’s efforts to circumvent campaign donation laws jeopardized the ...