US prosecutors: Former FTX executive Ryan Salame should be sentenced to five to seven years in prison

05/22 03:14

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Former FTX executive Ryan Salame is facing criminal charges and could be sentenced to five to seven years in prison due to the collapse of a cryptocurrency empire worth billions of dollars. In a sentencing memorandum submitted to the Manhattan federal court on Tuesday, federal prosecutors stated that the 30-year-old man admitted to committing "serious crimes that require a heavy sentence to ensure that Salame is justly punished." Salame's lawyer argued that his sentence should not exceed 18 months.

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