Former FTX Affiliate CEO's Partner Charged With Campaign Finance Violations
CryptoNewsTerminal Staff22 Aug, 2024
Former FTX Affiliate CEO's Partner Charged With Campaign Finance Violations
- According to Cointelegraph, Michelle Bond, the former partner of FTX Digital Markets co-CEO Ryan Salame, has been charged by US prosecutors with violating campaign finance laws. Salame was recently sentenced to 7 years and 5 months in prison for his role in the collapse of the FTX cryptocurrency exchange. The charges against Bond stem from her alleged involvement in Salame's failed 2022 campaign for the House of Representatives. Prosecutors allege that Bond and Salame conspired to make illegal contributions to the campaign, including conduit contributions which are donations made through a third party, and corporate contributions, which are prohibited by law. If convicted, Bond faces significant penalties, including fines and imprisonment. The charges against her are a reminder of the importance of complying with campaign finance laws and the consequences of violating them.
