Ryan Salame, former Co-CEO at FTX Digital Markets, which collapsed in spectacular fashion in 2022, has marked his incarceration for the role he played in the fraud with a social media post “celebrating” his new “position”.
His LinkedIn post updating his current role as Inmate has gone viral on the platform, generating equal parts derision and qualified admiration for his ostensibly tongue-in-cheek response to a 7.5 prison term.
The new “full-time inmate at Federal Correctional Institute Cumberland” listed his skills for the role as “cleaning” and “whittling”.
Mr Salame pleaded guilty to having conspired with FTX CEO and fallen ‘King of Crypto’ Sam Bankman-Fried to operate an unlicensed money transmitting business, making false statements to US banks, and making over 300 political contributions, totalling tens of millions of dollars, that were unlawful because they were made in the name of a straw donor.
Apart from his 90-month prison sentence, he was also ordered to pay more than $6 million in forfeiture and more than $5 million in restitution.
None of that, however, seems to have been enough to stop Mr Salame from maintaining his LinkedIn.
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