As part of his plea agreement with the government, Salame could ultimately forfeit more than $1.5 billion dollars. He agreed to hand over $6 million before his sentencing, scheduled for March of next year. To help cover this amount, Salame has already agreed to give the government a “2021 Porsche automobile” and multiple properties, including two Massachusetts homes and ownership of the East Rood Farm Corporation, an entity Salame owns. Based on federal sentencing guidelines, Salame could face up to 10 years in prison.
- Ex-FTX Executive Ryan Salame Could Forfeit $1.5B as Part of Guilty Plea
Written by Bankerage Published on September 8, 2023