Former Ripple Exec Michelle Bond And Ryan Salame Face Charges For Violating Campaign Finance Laws

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 23, 2024 12:51

Federal prosecutors have charged Michelle Bond, the domestic partner of former FTX executive Ryan Salame, with violating campaign finance laws. Bond, who was a former Ripple executive unsuccessfully ran for a congressional seat in New York last year, and allegedly used $400,000 from FTX to finance her campaign. Salame allegedly arranged a $400,000 payment from the exchange that was totally used to fund Bond’s unsuccessful campaign. Bond ended up receiving $400,000 as part of her ‘consulting agreement’ with the FTX exchange, while she did not perform any services in exchange.