Odaily Planet Daily News US prosecutors said that Ryan Salame, the former co-CEO of FTX Digital Markets, will not testify about his role in FTX's alleged illegal campaign donation scheme.
Ryan Salame's attorney said that if subpoenaed, Salame would invoke his Fifth Amendment right to deny self-incrimination.
Previously, documents filed by federal prosecutors in Manhattan federal court showed that Ryan Salame donated more than $24 million to Republican campaigns and was accused of paying bribes in place of the SBF to influence encryption policy in Washington. (Bloomberg)
As previously reported, the U.S. Department of Justice filed an updated indictment against SBF that included allegations that it violated campaign contribution laws as part of a wire fraud scheme.
SBF illegally misappropriated FTX customer deposits leading up to more than $100 million in "campaign contributions for Democrats and Republicans seeking to influence cryptocurrency regulation" ahead of the 2022 U.S. midterm elections, the Justice Department said. Prosecutors also said some of the political donations were made in the name of FTX executives in an effort to conceal the origin of the donation funds.