The US Attorney’s Office opposes a petition from former FTX Digital Markets co-CEO Ryan Salame to void his guilty plea as part of charges involving campaign finance violations.
US Prosecutors' Position
In an Aug. 26 filing in the US District Court for the Southern District of New York, prosecutors said they would oppose a petition brought by Salame’s legal team in writing by Sept. 4. The former FTX executive’s lawyers filed a petition for a writ of error *coram nobis*, attempting to have the court overturn Salame’s plea agreement that resulted in a 7.5-year prison sentence.
Salame's Claims
Salame claimed that prosecutors implied during his plea negotiations that they would not pursue an investigation into his partner, Michelle Bond. On Aug. 22, authorities unsealed an indictment against Bond for campaign finance law violations related to her 2022 campaign for a seat in the US House of Representatives.
Court's Conclusion
This is a developing story, and further information will be added as it becomes available.
The US Attorney’s Office is set to defend its position on Ryan Salame's case despite his petition. Court proceedings and possible outcomes remain uncertain.
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