Salame, the former co-CEO of FTX in the Bahamas, received a 90-month jail term after being convicted by U.S. federal prosecutors. The sentencing by Judge Lewis Kaplan included three years of supervised release, coupled with substantial monetary penalties. The U.S. Attorney for the Southern District of New York, Damian Williams, condemned Salame's acts for eroding trust in American elections and financial systems. Both Salame and Bankman-Fried, another key FTX figure, faced legal consequences for their roles in financial misconduct. Salame, accused of supporting Bankman-Fried's interests at FTX's expense, admitted to engaging in illicit financial practices and unauthorized political contributions. This case raised concerns about the misuse of FTX consumer funds for political purposes. Despite Salame's hopes for a lighter sentence due to financial losses, the court imposed a significant term of imprisonment.
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