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- Ex-congressional candidate Michelle Bond acquired a minimum of $54,000 from Ryan Salame and different former FTX workers throughout her marketing campaign in 2022.
- Federal prosecutors at the moment are trying into the cash Bond acquired from boyfriend Salame and as much as $880,000 she lent to her personal election endeavors, WSJ reported on Tuesday.
- Bond additionally earned $200,000 a yr working for the bankrupt crypto alternate as a marketing consultant.
- This explicit probe is separate from the case towards FTX and Sam Bankman-Fried for allegedly breaking U.S. marketing campaign finance legal guidelines by donating thousands and thousands of buyer funds to political candidates.
In keeping with the Wall Road Journal, federal prosecutors are investigating former FTX exec Ryan Salame and the cash he donated to ex-congressional candidate Michelle Bond who additionally occurs to be Salame’s companion.
Authorities attorneys are trying into whether or not Salame and Bond violated U.S. marketing campaign finance legal guidelines as investigators probe all of the actions of the FTX crypto alternate following its large crash final yr.
Bond acquired as much as $54,000 from boyfriend Salame together with funds from different FTX accounts for her marketing campaign final yr. Bong who was aiming for the Lengthy Island congressional seat was additionally on the corporate’s payroll, incomes $200,000 per yr as a marketing consultant. Investigators are additionally digging into as much as $880,000 that Bond lent to her personal marketing campaign.
The probe started in April after authorities seized cellphones belonging to Bond and Salame in a raid on their $4 million Maryland mansion.
Prosecutors Set Sights On FTX Execs
Whereas Salame was not charged within the case towards FTX founder Sam Bankman-Fried for stealing billion in alternate buyer funds and defrauding buyers, the previous firm govt is reportedly an unnamed co-conspirator in SBF’s indictment.
Federal investigators are additionally probing different former management members like Nishad Singh, Caroline Ellison, and Gary Wang.
In different information, the crippled crypto alternate launched a claims portal for patrons permitting customers to entry their accounts and submit a submitting to be included within the firm’s court docket chapter proceedings.
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