Ryan Salame will appear before US District Judge Lewis Kaplan, the same judge overseeing indicted Sam Bankman-Fried’s criminal case over the exchange’s collapse.
, is due for a “proceeding of interest” in Manhattan federal court on Thursday, federal prosecutors said.A plea would come less than one month before Bankman-Fried’s scheduled Oct. 3 trial onProsecutors say Bankman-Fried stole billions of dollars in FTX customer deposits to plug losses at his hedge fund, Alameda Research, and lied to investors and lenders about his companies’ financial condition.
Bankman-Fried, 31, rode a boom in the values of bitcoin and other digital assets to become a multi-billionaire and an influential political donor before his exchange collapsed amid a flurry of customer withdrawals. Salame had worked for Ernst & Young and Circle Internet Financial before joining FTX Digital Markets.
Prosecutors in August said Salame told a family member in a November 2021 message that Bankman-Fried hoped political donations would “weed-out” anti-crypto Democratic and Republican lawmakers, and would likely “route money through me to weed out that republican [sic] side.”
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