Activity tagged "FTX"

Sentencing dates have been set for FTX's Nishad Singh and Gary Wang. Singh is scheduled to be sentenced on October 30, and Wang on November 20.

getting sentenced to 7.5 years in prison and immediately logging on to argue with @tittyrespecter about your charges is peak poster

there's no topping this

Tweet screenshot: hersch @tittyrespecter · 18m you’re going to jail for molesting my finances<br>Ryan Salame @rsalame7926 No, I'm going to jail for campaign finance fraud and unlicensed money transmitting

FTX's Ryan Salame has returned to Twitter for the first time since FTX collapsed — hours after he was sentenced to 7.5 years in prison for his role in the FTX fraud and for his illegal campaign contributions 💀

Ryan Salame @rsalame7926 · 18m Yah terrible tweet, like the worst. I get it, I've cringed reading it nearly every day since I found out half of ftx customers money was somehow missing. Quote Ryan Salame @rsalame7926 · Nov 6, 2022 It’s so powerful learning who your friends are! Very excited to grow with them in the long term. It’s not hard to genuinely figure out who cares about customers and who doesn’t if you look past the insanity Ryan Salame @rsalame7926 · 39m Who should I do the first public interview with? Top vote wins. Ryan Salame @rsalame7926 · 2h hot damn, this is going to get interesting quickly Ryan Salame @rsalame7926 · Nov 6, 2022 It’s so powerful learning who your friends are! Very excited to grow with them in the long term. It’s not hard to genuinely figure out who cares about customers and who doesn’t if you look past the insanity Ryan Salame reposted SBF @SBF_FTX · Nov 6, 2022 1) A huge thank you to everyone who has supported us--we're excited to keep climbing together.  And especially to those who stay level headed during crazy times.  We deeply appreciate it.

Ryan Salame (former CEO of the Bahamian portion of FTX) has submitted his sentencing memo. He's asked for no more than 18 months imprisonment for his charges.

He was charged with conspiracy to operate an unlicensed money transmitting business and conspiracy to make unlawful political contributions and defraud the Federal Election Commission.

He argues that he was not substantially involved in the wrongdoing at FTX and instead lays much of the blame on others (mainly Bankman-Fried and Dan Friedberg).

He argues that his substance abuse (alcohol and unspecified drugs), charitable work, and family commitment should be considered in his sentencing.

Salame is the first of the four other high-level FTX employees to be sentenced. He pleaded guilty (as did all the others), but was the only one who did not have a cooperation agreement.

Salame has agreed to restitution (~$5.6 million) and forfeiture ($6 million, two properties, and a business) which he says "will leave him with no remaining assets".

Sam Bankman-Fried has filed his notice of appeal. This comes shortly after a request that he remain at MDC Brooklyn until his appeal has been fully briefed, to allow him better access to his counsel than he would have if moved to a federal penitentiary closer to his family in California.

Criminal Notice of Appeal - Form A NOTICE OF APPEAL United States District Court Southern District of New York DATE FILED: 4/11/2024 United States Docket No. 1:22-cr-00673-LAK Lewis A. Kaplan (District Court Judge) Samuel Bankman-Fried Notice is hereby given that Samuel Bankman-Fried appeals to the United States Court of Appeals for the Second Circuit from the judgment entered in this action on April 1, 2024 This appeal concerns: Conviction & Sentence Defendant found guilty by trial Offense occurred after November 1, 1987? Yes Date of sentence: March 28, 2024 Bail/Jail Disposition: Committed Appellant is represented by counsel? Yes If yes, provide the following information: Defendant's Counsel: Alexandra A.E. Shapiro Shapiro Arato Bach LLP Counsel's Address: 1140 Avenue of the Americas, 17th Floor, New York, NY 10036 Counsel's Phone: (212) 257-4881 Assistant U.S. Attorney: Nicolas Roos AUSA's Address: United States Attorney's Office, SDNY One Saint Andrew's Plaza, New York, New York 10007 AUSA's Phone: (212) 637-2421
Re: United States v. Samuel Bankman-Fried, 1:22 CR 673 (LAK) Dear Judge Kaplan: VIA ECF Honorable Lewis A. Kaplan United States District Judge Daniel Patrick Moynihan United States Courthouse 500 Pearl Street New York, NY 10007 Defendant Sam Bankman-Fried was sentenced on March 28, 2024, primarily to 25 years imprisonment, to be served, if possible, near his family’s home in California. (ECF 424). Mr. Bankman-Fried respectfully requests, pursuant to Rule 38(b)(2) of the Federal Rules of Criminal Procedure, that the Court supplement its recommendation to the Bureau of Prisons (“BOP”) by issuing the attached proposed order recommending that the BOP allow him to remain at the Metropolitan Detention Center in Brooklyn to facilitate access to his appellate counsel pending the filing of the briefs in his anticipated appeal. Rule 38(b)(2) provides that “[i]f the defendant is not released pending appeal, the court may recommend to the Attorney General that the defendant be confined near the place of the trial or appeal for a period reasonably necessary to permit the defendant to assist in preparing the appeal.” Fed. R. Cr. Proc. 38(b)(2). See e.g., United States v. Carl, No. 07-CR-29-P-S, 2008 WL 4615556 (D. Me. Oct. 16, 2008) (issuing similar order). The government informs us that they take no position on this request. Respectfully submitted, /s/ Marc L. Mukasey