‘Inmate at FCI Cumberland’: Former FTX Exec Ryan Salame Updates LinkedIn Title After Judge Orders Him to Prison

Former FTX government Ryan Salame has a brand new LinkedIn job title.

Salame fooled his social media followers Thursday after District Decide Lewis A. Kaplan denied a request to delay the beginning of his incarceration till December.

The previous co-CEO of FTX Digital Markets reported to jail on Friday, however not earlier than posting on LinkedIn that he “want to share” that he was beginning a brand new place as an “inmate at FCI Cumberland.” Salame even added “clear” and “cut back” to his LinkedIn expertise, and he went to X to mourn his soon-to-break Wordle collection.

Salame’s LinkedIn profile has since been deleted, however photos of his updates have been circulating on social media platform X.

The previous government pleaded responsible final yr to conspiracy to make illegal political contributions and to defraud the Federal Election Fee, in addition to conspiring to function an unlicensed cash transmission enterprise.

In Might, Kaplan sentenced Salame to 7.5 years behind bars, however a furor over expenses in opposition to the mom of his little one, Michelle Bond, sophisticated the beginning of his jail sentence.

In a petition to the courtroom in August, Salame claimed he made a take care of the federal government and pleaded responsible to keep away from additional investigation into Bond, a former congressional candidate.

Just a few days later, Damian Williams, the U.S. Lawyer for the Southern District of New York, introduced expenses in opposition to Bond for alleged marketing campaign finance violations associated to her failed 2022 run for Congress.

Williams mentioned in a felony grievance that Salame orchestrated a $400,000 sham fee to Bond from FTX, which Bond allegedly used to finance her marketing campaign.

Salame’s attorneys alleged that the federal government used the previous CEO’s negotiations to threaten Bond and get Salame to plead responsible. Salame first requested the courtroom to dismiss Bond’s expenses, but when that did not occur, to dismiss his personal conviction and responsible plea.

Nevertheless, the prosecutor shot again, calling Salame’s accusation “demonstrably false” in a response.

Salame’s attorneys later filed a movement to withdraw the previous FTX government’s petition so Bond may increase the difficulty in her case. Nevertheless, Decide Kaplan subsequently accused the embattled former FTX government of giving false testimony throughout his responsible plea in 2023.

“You are asking me to uphold a conviction and sentence that I now know is predicated on false testimony earlier than me within the plea cut price… And that might be an enormous downside.”

FTX imploded and filed for chapter in November 2022 amid allegations that CEO Sam Bankman-Fried mishandled the change’s funds by lending billions of {dollars} in buyer deposits to Alameda Analysis, the corporate’s buying and selling arm.

The multi-billion greenback inventory market collapse led to a pointy drop in crypto costs, and US federal authorities arrested Bankman-Fried the next month.

In March, Decide Kaplan sentenced Bankman-Fried to 25 years in jail and three years of supervised launch. He additionally ordered the 32-year-old to pay an $11 billion forfeiture. Bankman-Fried is interesting his conviction and sentence.

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