The Block Crypto News10 minutes ago

Published on April 10, 2024 14:21 GMT+00:00edited on April 10, 2024 14:24 GMT+00:00

Former FTX executive Ryan Salame will be sentenced on May 28 in a New York courtroom after pleading guilty to criminal charges.

Salame's sentencing will begin at 11 a.m. in front of Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York, according to an update on the court docket on Tuesday.

Salame pled guilty in September to conspiracy to making unlawful political contributions as well as conspiracy to operating an unlicensed money-transmitting business. Salame's sentencing was originally set for May 1.

Prosecutors have said Salame and co-conspirators made over 300 political donations in the "tens of millions of dollars," which was unlawful because they were made in the name of a straw donor or with corporate funds. A straw donor is someone who illegally …