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.
Silvano Azzopardi appointed to Board of Directors of Global Legal Entity Identifier Foundation
GLEIF had been set up and tasked with developing a universal identifier for legal entities involved in financial transactions.
Engineering leaders urged to drive innovation responsibly as Chamber of Engineers looks to the next decade
A recent conference brought together 27 speakers from across the public and private sectors, academia and industry.
Why continuous learning and development has become a leadership imperative
Regulatory change and technological disruption are amongst the things that have transformed leadership into a discipline that requires constant development.
Conrad Aquilina appointed Financial Services Director at EBO.ai
Conrad Aquilina has over 15 years of senior leadership experience in technology and commercial strategy.
