FTX Former Executive Ryan Salame's Partner Michelle Bond Denies Campaign Finance Violation Accusations

Article is form Jinse
September 19, 2024
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Michelle Bond, the partner of former FTX co-CEO Ryan Salame, pleaded not guilty to four campaign finance violation charges in the Southern District of New York Federal Court. These charges include conspiracy to cause illegal campaign contributions, causing and receiving excessive campaign contributions, causing and receiving illegal corporate contributions, and causing and receiving conduit contributions. The charges stem from Bond's alleged concealment of funding sources during her 2022 campaign for a Republican seat in the U.S. House of Representatives. Salame allegedly arranged for FTX to contribute $400,000 to her campaign, and Bond is accused of making false statements to the Federal Election Commission (FEC) and congressional committees. Notably, Salame previously pleaded guilty and was sentenced to 90 months in prison, but after Bond was indicted, he requested the court to vacate his plea, claiming his guilty plea was based on a promise from the prosecutors not to investigate his partner. Judge Lewis Kaplan said he would consider whether to vacate Salame's plea. Currently, Bond remains released on $1 million bail, but is restricted to traveling within the United States. Judge George Daniels has scheduled a pre-trial conference for January 2025. In the criminal prosecutions related to FTX and Alameda Research, as of September 18, only Salame and SBF have been sentenced to prison. Sentencing hearings for other executives involved are scheduled to take place in the coming months.

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