Lawyers for the former head of FTX Digital in the Bahamas, Ryan Salame, drew the court's attention to the fact that their client was responsible for operational activities, managing bank deposits and converting fiat currencies in the interests of FTX clients. In addition, Salame has been involved in organizing political donations through Alameda funds and has led charitable initiatives in the Bahamas.
The defense claims that Ryan Salame actively cooperated with the investigation from the first days and voluntarily pleaded guilty to charges of running an unlicensed business and organizing illegal political donations.
“He had absolutely no idea that four people from Alameda and FTX were conspiring to lie and steal from their clients. Ryan Salameh didn't steal from anyone. He didn't lie to his clients and he was deceived. When he realized the FTX scam, he was the first to report it to the authorities in the Bahamas,” his lawyers wrote.
The lawyer's request clarifies that Ryan Salameh voluntarily agreed transfer as restitution the title to his property in the Bahamas, worth about $6 million.
The lawyers are asking the court for leniency in the form of an 18-month prison sentence, since their client not only sincerely repented of his crimes, but also became a victim of the entourage of the former head of FTX, Sam Bankman-Fried.
By data Media, the US Attorney's Office may assign the former director of the Bahamas division of FTX a probationary period instead of prison sentence. Salama's sentencing is scheduled for May 28, 2024.
Earlier it became known that the former head of the bankrupt FTX Group, Sam Bankman-Fried, signed a settlement agreement with a group of clients who lost funds and promised to assist in the criminal prosecution of the promoters of the crypto platform in exchange for dropping the class action lawsuit.
Source: Bits
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