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Search resuls for: "Jason Linder"


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NEW YORK (AP) — Another top executive at the failed FTX cryptocurrency exchange is scheduled to appear in court in New York Thursday afternoon to face undisclosed criminal charges. Ryan Salame, the former co-chief executive of FTX Digital Markets, was set to appear before a judge at 3 p.m. at the U.S. district court in Manhattan. Federal prosecutors didn't immediately disclose what charges Salame is facing or reveal details about the case. Before FTX collapsed and declared bankruptcy in November, Bankman-Fried had been one of the best-known U.S. crypto entrepreneurs. Bankman-Fried and people associated with his companies, including Salame, were also heavy givers to political campaigns.
Persons: Ryan Salame, didn't, Jason Linder, FTX, Sam Bankman, Caroline Ellison, Nishad Singh, Gary Wang, Fried, Larry David, Salame Organizations: FTX, Alameda Research Locations: New York, U.S, Manhattan, Bahamas, Alameda, Bankman
Salame also pleaded guilty to conspiring to operate an unlicensed money-transmitting business. But there was no indication that he was cooperating with the prosecution or would testify against Bankman-Fried at trial. Former Alameda Chief Executive Officer Caroline Ellison, former FTX technology chief Gary Wang and former FTX engineering chief Nishad Singh previously pleaded guilty and are expected to testify against Bankman-Fried. Bankman-Fried has pleaded not guilty. His lawyer told prosecutors that if called to testify Salame would invoke his right under the U.S. Constitution's Fifth Amendment against self-incrimination.
Persons: Ryan Salame, Sam Bankman, Fried, District Judge Lewis Kaplan, Kaplan, Salame, Jason Linder, Caroline Ellison, Gary Wang, Nishad Singh, Singh, Luc Cohen, Will Dunham, Emelia, Mark Porter Organizations: FTX's, U.S, District, Bankman, Alameda, Porsche, Alameda Research, Prosecutors, Ernst & Young, Circle, FTX Digital, Republican, Democratic, Constitution's, Securities Commission, FTX, New York Times, Thomson Locations: Manhattan, Massachusetts, Salame, Bahamas, Caribbean, Alameda, New York
Ryan Salame, a co-CEO at FTX, bought $6 million of restaurants and real estate in Lenox, Massachusetts. A local newspaper reported last year that Salame owned almost half the town's restaurants. As first reported by local news outlet The Berkshire Eagle, Ryan Salame, who was co-CEO at FTX Digital Markets, invested $6 million in restaurants and real estate in Lenox. Bankman-Fried has been accused of funneling customer funds into his trading firm, Alameda, and using some customer money to buy luxury real estate and fund political donations. The Wall Street Journal also reported that Salame vomited upon hearing about FTX's impending collapse.
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