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FBI Raids Home of Former FTX Executive

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Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

The FBI searched the residence of Ryan Salameh who As former Co-CEO of FTX collapsed. This comes when the CEO comes under more investigation for his close advisory position to Sam Bankman-Fried (SBF).

The New York Times reported on On April 27, the FBI searched Salameh’s $4 million house in Potomac, Maryland. the former Co-CEO of Reportedly, FTX Digital Markets has a strong working relationship with Sam Bankman Fried.

Salama was a great receiver of Send questionable loans and payments to some of the senior managers of FTX using the trading Alameda Research, now defunct.

The safety was the fourth-largest receiver of These payments, receiving $ 87 million in compensation throughout the settlement. While the previous engineering head Nishad Singh and co-founder Zixiao “Gary” Wang earned $587 million and $246 million, respectively, Bankman-Fried earned $2.2 billion.

According to the documents submitted to the court in Bahamas on December 14, 2022, it was Salama Ho first FTX or Alameda Research Executive for start Help the authorities with their investigation. On November 9, Salameh informed the JSC of Bahamas (SCB) About FTX’s moving The client finances his brother trading businessAlameda Research.

In addition, Salameh revealed to the SCB that the money was meant to “cover up financial losses of Alameda” and that the transfer “was not permitted or approved by their clients.” In addition, he revealed that Bankman Fried, Wang, and Singh were the only individuals with the necessary access to move client assets to Alameda.

According to Open Secrets, the organization that monitors government Donations, safety was one of The most influential political contributors in 2022 elections. During more Salameh has made more than 200 individual contributions over $23 million for the campaigns of the Republican candidates.

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