Former FTX Exec Salame Challenges Guilty Plea Agreement

As a former executive at FTX and a man who has recently found myself entangled in the complex web of government investigations, I can attest to the fact that the justice system is not always just. The recent turn of events in my case, where I am attempting to withdraw my guilty plea, has left me feeling more anxious than ever.


Ryan Salame, a previous high-ranking official at FTX, is trying to rescind his guilty plea in a court case concerning campaign finance and money-transmission offenses. He alleges that prosecutors have failed to honor their commitment to cease investigating his fiancée, Michelle Bond, as part of the plea agreement.

On August 21st, Salame submitted an application for a “writ of coram nobis,” a legal instrument enabling courts to rectify past judgments, aiming to overturn his earlier guilty plea from September 2023 regarding two felony charges.

Nevertheless, he claims the government misled him by suggesting they’d stop investigating Bond if he confessed; however, it seems that the probe against Bond has been reinstated instead.

Salame contends that the authorities ought to either dismiss all accusations against Bond or grant him the opportunity to withdraw his admission of guilt. He also assertively states that the prosecutors misused influence and pressured tactics by exploiting their connection with Bond to obtain his plea, which makes his conviction questionable and potentially invalid.

As a researcher delving into this matter, I posit that if the government fails to honor its promises, the court should still grant post-conviction relief. The reason being, the promises made during plea negotiations were unjustifiably coercive and as such, the entire agreement leading to the conviction appears invalid. I am advocating either the dismissal of charges against Bond, a reversal of his conviction, or at least a hearing to address these concerns.

It’s all true but I just made a court filing I’m pretty nervous about because I know it means the most powerful body in the world is going to come at me and my loved ones again, but I’m hoping it encourages more people to be honest and tell the truth and expose un-American…

— Ryan Salame (@rsalame7926) August 21, 2024

On August 22, Salame voiced his concerns about the filing in a post on X, mentioning that he’s apprehensive about potential increased government examination. He tweeted, “My submission is SELF-SERVING? Quite the contrary, lock me up if you must, but please uphold the commitment you undertook when I agreed.”

In May, Salame received a prison sentence of 7.5 years due to his involvement in an illegal political donation scheme and running an unauthorized money-transferring business. He is expected to start serving this sentence on October 13th. The court has also ordered him to pay over $6 million in forfeiture fees, as well as over $5 million in restitution.

In 2023, investigations by federal authorities focused on Bond, a previous contender for a congressional seat, due to allegations of campaign finance irregularities stemming from her 2022 Congressional bid. They scrutinized the donations Salame gave to her campaign and the loans she extended to help fund her political aspirations.

Salame is currently advocating for one of two outcomes: either the dropping of charges against his associate, or an opportunity to reconsider his previous plea deal. He’s stating that the government should uphold their original promises in the process.

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2024-08-22 09:42