Judge Sets November Trial for FTX-Linked Michelle Bond
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A Manhattan federal judge set Michelle Bond’s trial for November 9 on four counts of federal campaign finance violations tied to the FTX collapse. Prosecutors allege Bond and former FTX Digital Markets co-CEO Ryan Salame funneled $400,000 in misappropriated FTX funds into Bond’s 2022 Republican primary campaign via sham transactions. A motion to dismiss was denied last week, making this one of the final criminal cases from FTX and underscoring legal and regulatory risks for crypto fundraising and campaign finance.
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- Judge Daniels set Michelle Bond’s trial for 9 November in the Manhattan federal court.
- Prosecutors allege Bond and Salame used $400,000 in FTX funds for her 2022 race.
- Bond motion to dismiss the indictment was denied by Judge Daniels last week.
One of the final criminal cases stemming from the collapse of FTX is heading to trial. A Manhattan federal judge has set November 9 as the trial date for Michelle Bond, wife of former FTX Digital Markets co-CEO Ryan Salame, on four counts of federal campaign finance violations.
What the Charges Allege
Prosecutors contend that Bond and Salame funneled $400,000 in FTX funds into Bond’s 2022 Republican primary campaign for New York’s 1st Congressional District. The indictment describes the payment as a sham transaction designed to conceal the true source of the money and sidestep federal contribution limits and disclosure re…
Read The Full Article Judge Sets November Trial for FTX-Linked Michelle Bond On Coin Edition.
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