tldr; Former FTX co-CEO Ryan Salame announced his upcoming prison sentence on LinkedIn with a post stating he is starting a new position as an inmate. Salame, sentenced to seven-and-a-half years, was involved in illegal political donations and operating an unlicensed money-transmitting business following FTX’s collapse. Despite pleading guilty, he retains his Porsche 911 Turbo S. His case is part of the broader fallout from FTX’s downfall, with other executives like Caroline Ellison also facing prison time.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Former FTX co-CEO Ryan Salame announced his upcoming prison sentence on LinkedIn with a post stating he is starting a new position as an inmate. Salame, sentenced to seven-and-a-half years, was involved in illegal political donations and operating an unlicensed money-transmitting business following FTX’s collapse. Despite pleading guilty, he retains his Porsche 911 Turbo S. His case is part of the broader fallout from FTX’s downfall, with other executives like Caroline Ellison also facing prison time.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.