Michelle Bond to Face Charges Linked to FTX’s Campaign Financing
- Michelle Bond, wife of former FTX executive Ryan Salame, faces illicit campaign finance charges.
- A judge denied her motion to dismiss the indictment related to her congressional run in 2022.
- Salame was sentenced to seven and a half years in prison for illegal political contributions.
- Bond allegedly received $400,000 from FTX and additional funds wired by Salame for her campaign.
- She faces four charges, each carrying a maximum penalty of five years in prison.
The ruling marks a significant step in concluding the legal fallout from FTX’s collapse, which impacted the cryptocurrency industry broadly. The judge emphasized that no immunity was promised to Bond as part of Salame’s plea agreement.
Bond’s case underscores ongoing scrutiny around campaign financing linked to crypto entities, with potential penalties totaling twenty years if convicted on all counts.
