Ryan Salame, a former FTX executive sentenced to 7.5 years in prison, has retracted his legal request for a New York court to enforce his plea deal or overturn his sentence. Salame initially agreed to the plea deal in exchange for prosecutors dropping their investigation into Michelle Bond, his partner and the mother of his child.
Salame's lawyers had argued that prosecutors improperly secured his guilty plea by promising to cease their investigation into Bond, a former SEC lawyer and crypto advocate. However, after Bond was indicted on Aug. 22 for taking illegal campaign contributions from Salame and other FTX employees during her 2022 Congressional run, Salame decided to withdraw the petition.
Judge Lewis Kaplan, however, has stated that he will still hold a hearing on the original petition, requiring Salame's attendance as a condition of his bail. Salame's lawyers clarified that the withdrawal is to allow Bond to address the issue in her own legal proceedings. Bond, who appeared in court and was released on a $1 million bond, faces four charges related to campaign finance violations, each carrying a potential five-year sentence if convicted.
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