Ryan Salame starts his 7.5-year jail term

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Ryan Salame’s attorneys unexpectedly requested that the court permit him to commence his prison sentence on December 7 in order to receive medical treatment for an injury sustained during the summertime.

According to records, Ryan Salame, a former executive of FTX, has commenced his seven-and-a-half-year penitentiary sentence at a Maryland prison.

Salame, who was previously the co-CEO of FTX Digital Markets, is as of Saturday morning in custody at FCI Cumberland in Maryland, according to the Federal Bureau of Prisons website.

Salame appeared to be making light of his circumstances in a LinkedIn post that he published on Thursday.

Salame wrote, “I am delighted to announce that I will be commencing a new role as an inmate at FCI Cumberland.”

In September, Salame entered a guilty plea to conspiracy to operate an unlicensed money-transmitting business and conspiracy to make illicit political contributions. He collaborated closely with Sam Bankman-Fried, the former CEO of FTX. A criminal fraud trial that concluded late last year resulted in Bankman-Fried’s conviction for nearly 25 years of imprisonment in March.

Salame’s attorneys requested that the court grant him permission to commence his prison sentence on December 7 in order to receive medical treatment for an injury sustained during the summer that was caused by a dog.

Salame had urged the court to delay his prison sentence from August to October in order to undergo essential surgery in the wake of the dog incident. The court granted his request. According to a previous filing, Salame’s attorneys stated that he visited a doctor on July 3 and was evaluated “after sustaining a dog-bite injury to the face.”

On Friday, U.S. District Judge Lewis Kaplan denied Salame’s request and stated that it appeared that Salame had “substantially recovered.” He cited an interview he conducted with conservative political commentator Tucker Carlson.

According to Kaplan, “He recently participated in a videotaped interview with Tucker Carlon, during which he appeared to be completely unimpaired and physically recovered while answering questions.”

Salame criticized the judge during that interview, claiming that he “grabbed all these things that just weren’t true,” including when Salame claimed he had withdrawn money before FTX filed for bankruptcy. During his sentencing hearing, Judge Kaplan stated that Salame prioritized his own well-being, stating, “I am the first to board the lifeboat.” According to numerous news outlets, “Ignore all those consumers.”

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