Former FTX CEO to forfeit $1.5 billion, pleads guilty to federal campaign finance and money laundering charges

With Biden’s armed Justice Department intent on pursuing one second accusation of Hunter Biden after the catastrophic disaster that was the government’s first plea deal, which revealed the corruption of “special counsel” David Weiss, who is now scrambling to slap Hunter on the wrist a second time for a charge of drum weapons he will lead. to the crazy son of the president not to spend even a minute in prison for being, together with his senile father, one bought and paid for a chinese muppetthe US Department of “Justice” needed a big enough distraction and got it today when the former right wing head of SBF and Former FTX CEO Ryan Salame pleaded guilty in federal court in New York on Thursday to campaign finance and money transmission crimes, agreeing to forfeit more than $1.5 billion. Yep, Salame had $1.5 billion in cash courtesy of the epic crime syndicate that was FTX and he’s about to part ways with it.

In accordance with CNBCSalame, during his deposition, admitted that from the fall of 2021 to November 2022 he directed tens of millions of dollars in political contributions to both Democrats and Republicans, but really mostly democrats…

… in his own name, when the money actually came from Alameda Research, the hedge fund arm of the owner of the cryptocurrency exchange FTX. Those contributions were made at the behest of then-FTX CEO Sam Bankman-Fried, Salame said, making SBF the second the top Democratic donor during the 2022 midtermsonly behind George Soros…

… in which the Democrats managed to avoid a rollover thanks to Biden draining the SPR. oh and according to Voxit was SBF who was “one of the people most responsible” for Biden being “elected” president.

“Since at least 2020 or around 2020, up to and including November 2022, Ryan Salame, the defendant, engaged in multiple conspiracies to further the interests of Samuel Bankman-Fried… and cryptocurrency companies Bankman-Fried founded and controlled, including FTX.com (“FTX”) and Alameda Research (“Alameda”), through the operation of an illegal money transmission business and violations of federal election law,” says the indictment filed against Salame.

That document says Salame, in a private message to a confidant, wrote that “the purpose of these bipartisan donations would be to “eliminate anti-cryptodems for pro crypto-dems and anti-crypto-repubs for pro crypto-repubs,” and that the donations would likely be sent to Salame “to eliminate that Republican side “..’”

Salame, who was released on $1 million bail Thursday, faces a possible maximum sentence of 10 years in prison on the campaign finance violation charge and the charge of operating a streaming business. money without license. His sentencing was scheduled for March 6 by Judge Lewis Kaplan in US District Court in Manhattan.

In addition to what must be a record monetary forfeiture, to be paid to the US government, Salame, 30, to pay $5 million to FTX debtors and $6 million in government fines. Salame will also give up two homes he owns in Lenox, Mass., and his 2021 Porsche automobile.

Salame’s attorney, Jason Linder of the Mayer Brown firm, said in a statement. “Ryan is looking forward to putting this chapter behind him and moving on with his life.”

A source told CNBC that Salame is not cooperating with federal prosecutors preparing for Bankman-Fried, 31,’s criminal fraud trial. But three other former executives who previously pleaded guilty in the same court are expected to testify against Bankman-Fried.

They are Caroline Ellison, who had been Alameda’s general manager; former FTX CTO Gary Wang; and Nishad Singh, who was the head of engineering at FTX.

U.S. Attorney Damien Williams, whose office is prosecuting the FTX cases, said in a statement: “Ryan Salame agreed to advance the interests of FTX, Alameda Research and his co-conspirators through a campaign of influence illegal politics and through an unlicensed money transmission business. , which helped FTX grow faster and bigger by operating outside the law.”

Meanwhile, SBF, who yesterday lost his appeal to be released from the Brooklyn prison where they are not serving time Adderall or vegan food. and will go on trial on October 3rd on wire fraud and securities fraud charges related to his alleged looting of billions of dollars in FTX client funds courtesy of endorsements from some of the most prominent. politicians criminals in the country.