The sentencing of former FTX executive Ryan Salame has been postponed until May 28, according to a file from the U.S. District Court for the Southern District of New York.
Reasons for postponing sentence
It is currently unknown why Salame’s sentencing was postponed from the original date of May 1 to May 28. Details on the reasons for the postponement of the sentencing were not revealed in the file of the Court for the Southern District of New York.
Ryan Salame and FTX
Salame was one of four members of FTX’s top hierarchy to be indicted by the US government in connection with the downfall of the crypto-currency exchange. He was the only one of the four not to testify against FTX co-founder Sam Bankman-Fried, who was also indicted. Salame pleaded guilty to federal charges related to the FTX debacle and is currently out on $1 million bail. He also faces campaign finance violation charges in connection with his girlfriend Michelle Bond’s unsuccessful campaign to represent New York’s First District in the House of Representatives.
Prospective sentencing
Both charges against Salame have the potential to lead to prison sentences of up to five years. Bankman-Fried’s lawyers argued that the campaign finance violation charges should not be included in Bankman-Fried’s extradition agreement from the Bahamas. These charges were subsequently incorporated into the fraud conspiracy counts against Bankman-Fried.
Conclusion – Postponement of Ryan Salame’s sentence
The sentencing of former FTX executive Ryan Salame has been postponed until May 28, according to a document filed with the U.S. District Court for the Southern District of New York. The reasons for the postponement were not disclosed in the court filing.
