Former FTX Exec’s $4 Million House Searched By FBI

Former FTX Exec’s $4 Million House Searched By FBI



Former top FTX employee Ryan Salame, a generous Republican fundraiser, is under increasing legal pressure because of his role in Sam Bankman-Fried's corporate empire.



The F.B.I. conducted a search at Ryan Salame's Potomac, Maryland, residence on Thursday morning. Salame is a former FTX executive who contributed significantly to Republican political candidates' campaigns.



Before the company filed for bankruptcy in November, Mr. Salame, who oversaw FTX's Bahamian subsidiary, was a close adviser to Sam Bankman-Fried, the exchange's founder.



Mr. Bankman-Fried has been accused by federal authorities of planning a significant fraud and unlawful campaign fundraising scheme at FTX. He has promised to contest the allegations. In conjunction with the inquiry, three of his former senior executives entered guilty pleas and consented to


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#Cryptonewstoday, #FTX, #Regulations, #RyanSalame, #SamBankmanFried

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