US prosecutors are requesting a sentence of 5 to 7 years for former FTX executive Ryan Salame.

United States prosecutors are advocating for a prison sentence of five to seven years for former FTX executive Ryan Salame. In a sentencing memorandum, attorneys from the Southern District of New York argued for a more extended imprisonment term, citing the severity of his crimes and their deterrent effect on future cases.The document revealed that Salame held leadership positions at Alameda and FTX Digital Markets from 2019 to 2022, where he collaborated with Samuel Bankman-Fried in implementing aspects of their fraudulent activities. The memo elaborated that Salame was found guilty of unlicensed money transmission, false statements to banks, and unlawful political contributions through Alameda. For instance, he facilitated FTX's integration with the Bahamas and discussed retrieving funds from frozen accounts in China with Caroline Ellison.The Probation Office recommended a sentence of 120 months' imprisonment, considering Salame's serious offense conduct, large financial involvement, and the need for deterrence. The memo emphasized the need for a substantial prison term to undermine the integrity of both the U.S. campaign finance system and the financial system as a whole.Salame's lawyers submitted the sentencing memo on May 14, arguing for a prison sentence not exceeding 18 months. The memo suggested such a sentence would satisfy the purposes of sentencing while allowing Salame to continue contributing positively to society. The defendant claimed that he did not play a central role in the fraudulent activities and lost a significant portion of his wealth following FTX's collapse.The sentencing hearing is scheduled for May 28.