Former FTX exec Ryan Salame has pleaded guilty to two charges in the ongoing FTX trial. Many had been wondering when an indictment would come out against him, particularly as his donations to Republican political causes had already been alleged to have been straw donations.

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Former FTX exec Ryan Salame has pleaded guilty to two charges in the ongoing FTX trial. Many had been wondering when an indictment would come out against him, particularly as his donations to Republican political causes had already been alleged to have been straw donations.

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Reading further from the original court documents (was working off secondary reporting above), it sounds to me like the $6 million, two properties, car, and ownership/equity in his East Rood Farm Corp. will be the entirety of his payment towards the $1.5 billion money judgment (assuming he cooperates, didn't lie on the affidavit, etc.)

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h/t @nikhileshde

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Reading further from the original court documents (was working off secondary reporting above), it sounds to me like the $6 million, two properties, car, and ownership/equity in his East Rood Farm Corp. will be the entirety of his payment towards the $1.5 billion money judgment (assuming he cooperates, didn't lie on the affidavit, etc.)

#FTX #crypto #cryptocurrency

h/t @nikhileshde

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[EDITED, see downthread] He's agreed to a $1.5 billion (with a 😎 money judgment, though it sounds like he'll only pay $6 million, and forfeit two properties in the Berkshires and a Porsche 911. He will also pay $5.6 million in restitution to FTX debtors.

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The real estate forfeitures appear to be one residential property, and his restaurant The Olde Heritage Tavern. (photo via Wikimedia Commons: https://commons.wikimedia.org/wiki/File:The_Olde_Heritage_Tavern,_Lenox.jpg)

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