Home Cryptocurrency Ex-FTX Govt Ryan Salame Might Forfeit $1.5B as A part of Responsible Plea

Ex-FTX Govt Ryan Salame Might Forfeit $1.5B as A part of Responsible Plea

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Ex-FTX Govt Ryan Salame Might Forfeit $1.5B as A part of Responsible Plea

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As a part of his plea settlement with the federal government, Salame has been ordered to forfeit greater than $1.5 billion {dollars}. He agreed to forfeit $6 million earlier than his sentencing, anticipated in March of subsequent yr. To assist cowl this quantity, Salame has already agreed to present the federal government a “2021 Porsche car” and a number of properties, together with two Massachusetts houses and possession of the East Rood Farm Company, an entity Salame owns. Ought to Salame pay the $6 million and switch over the assorted properties by the set deadlines – known as the substitute property – he might be off the hook for the complete quantity, a DOJ submitting stated.

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