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Girlfriend of FTX Director Ryan Salame Indicted on Campaign Finance Charges
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Girlfriend of FTX Director Ryan Salame Indicted on Campaign Finance Charges

Federal prosecutors in Manhattan have filed criminal charges against Michelle Bond, a cryptocurrency advocate who ran unsuccessfully for Congress in 2022.

Her boyfriend, Ryan Salame, was an executive at one of FTX’s subsidiaries in the Bahamas.

Prosecutors say the $400,000 she received — along with much more money stolen from FTX — fueled her campaign for Congress.

Bond then lied about the money on forms filed with the House Ethics Committee, as well as the Federal Elections Commission, the complaint alleges. She told board members at her job at a trade organization that sought to influence crypto policy in Congress that she had never actually consulted for FTX, the complaint says.

“BOND did not perform any services for the Exchange pursuant to the Consulting Agreement,” the complaint states.

Bond ran for U.S. Congress as a Republican in New York’s 1st District, on Long Island. She lost the primary and has since founded a crypto think tank called Digital Future.

Neither Bond nor a Digital Future spokesperson immediately responded to BI’s requests for comment.

Bond and Salame are partners and have a child together who is about eight months old.

According to Salame, the charges against Bond come a day after she finalized her divorce from her previous partner.

“The love of my life is finally divorced after a brutal, long and downright aggressive process!!! ❤️ We are still going through hell but we can do this!” Salame posted on X, formerly known as Twitter, on Wednesday night.

Salame was one of four executives at FTX and Alameda Research, a crypto trading firm controlled by Bankman-Fried, who faced criminal charges from federal prosecutors in Manhattan following the cryptocurrency exchange’s dramatic collapse in November 2022.

He — along with executives Gary Wang, Nishad Singh and Caroline Ellison — pleaded guilty to the charges against him. Wang, Singh and Ellison all testified at Bankman-Fried’s trial late last year, where he was convicted of fraud and money laundering and later sentenced to 25 years in prison.

Prosecutors never offered Salame a cooperation agreement, according to a source familiar with the matter who spoke on condition of anonymity because of the ongoing litigation.

Salame was originally scheduled to begin serving a 7 ½-year prison sentence on August 29, but that was postponed so he could receive medical treatment after being bitten in the face by a dog. He has complained on social media about the unfairness of the justice system.

According to Bond’s indictment, Salame, identified in the document as “CC-1,” arranged the bogus $400,000 consulting job at FTX, along with additional funds. In total, Salame and FTX gave Bond more than $900,000, the indictment says — well over the legal limits.

Prosecutors say Salame once even asked a friend to make a donation to Bond’s campaign, who then joked that Salame would pay them back.

“lol don’t type that you can’t,” Salame said in a text message attached to the complaint.

Salame did not immediately respond to a request for comment.

Salame says the Justice Department has promised to stop investigating Bond

Just before Bond’s charges were made public, Salame’s lawyers on Wednesday night asked U.S. District Judge Lewis Kaplan, who sentenced him, to throw out his plea deal.

They alleged that Danielle Sassoon, a Manhattan federal prosecutor involved in the FTX prosecutions, failed to follow through on her “implicit assurances” that her office would stop investigating Bond, whom they also represent.

“A significant factor contributing to my acceptance of the plea agreement was the understanding that if I did so, the government would not pursue the campaign finance charges against Bond,” Salame wrote in a petition filed in court Wednesday. “And I took the government at its word, expecting that the implied commitment would be honored.”

In a statement Wednesday evening, Sassoon called Salame’s allegations “self-serving” and “demonstrably false.”

She wrote that prosecutors had a follow-up conversation with Salame’s attorneys in which “for the avoidance of doubt, they made it clear that a confession from Salame would not end the ongoing investigation into Bond’s conduct.”

Prosecutors have filed four separate charges against Bond alleging violations of campaign finance laws, each of which carries a maximum sentence of five years in prison.

In a letter to Judge Kaplan earlier this year arguing for a light sentence for Salame, Bond wrote that he had been a “pillar of support” to her, their child together and her two children from a previous marriage.

“He has purposefully prepared our family for the possibility of incarceration by spending as much time with us as possible now, helping the children with various medical and mental health services, and helping me get back on my feet after all the losses I have suffered as a result of the collapse of FTX,” Bond wrote.