The ex-PTX Exec plea agreement is still at the center of the court case

Almost three years after the collapse of Crypto Exchange FTX, the battles of the courtroom linked to its leaders and their associates are still taking place. This week, Michelle Bond, spouse of the former C-PDG of the digital markets of the FTX Ryan Salame, will return to the court for a proof hearing in her criminal case.

In a file Sunday before the American district court of the South District of New York (SDNY), the Bond legal team asked a federal judge to allow him to testify despite the objections of prosecutors.

Prosecutors argued on Friday that it was unlikely that Bond could propose relevant testimonies to the advisor to the advocacy of Salame involving allegations of fraud to financing the campaign. He is currently serving a prison sentence for his role in the fall of the company

The salam advocacy agreement is at the heart of his case for alleged violations of financing the campaign. Prosecutors allege that Salame ordered $ 400,000 in FTX funds sent to his campaign.

Bond was accused of conspiracy in order to cause contributions to the illegal campaign, to provoke and accept excessive campaign contributions, to provoke and receive an illegal contribution from the company and to provoke and receive a contribution of conduits in August 2024. It pleaded not guilty to all accusations.

“The government has no reason to prevent Ms. Bond preventive from testifying because her testimony is neither redundant nor non -relevant,” said her lawyers. “The state of mind of Mrs. Bond and her husband by concluding the adviser on advocacy are directly relevant for questions before the court (…”

Law, cryptocurrency exchange, court, crimes, ftx
Sunday deposit by lawyers for Michelle Bond. Source: Court

As one of the five accused included in the indictment of former FTX and Alameda research leaders, Salame pleaded guilty to a conspiracy to make illegal political contributions and fraud the federal electoral commission and conspiracy to exploit a money transmission company without license.

He was sentenced to seven and a half years in prison, where he reported in October 2024.

After the advocacy of salaria guilt, his lawyers tried to leave his agreement with the American prosecutors, saying that the agreement was subject to that they do not pursue criminal accusations against bond. He finally abandoned the complaint, saying that Bond would tackle the question in the context of his case.

In relation: The questions of the judge if the former FTX leader was overwhelmed in a guilty plea