FTX executives shave time off their sentences | CNN Business

CNN  — 

Ryan Salame and Caroline Ellison, FTX executives convicted for their roles in the notorious crypto fraud led by their former boss Sam Bankman-Fried, have both shaved time off their lengthy prison sentences.

Salame, a former top executive of FTX, the now-bankrupt cryptocurrency trading platform, pleaded guilty to criminal fraud charges in September 2023, and was sentenced in May to 7 1/2 years in federal prison. He began his sentence in October. But the Federal Bureau of Prisons currently lists his release date as March 1, 2031, more than a year earlier than his initial

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Netflix touts biggest-ever NFL streaming ratings, peaking with Beyoncé’s halftime show | CNN Business

CNN  —  The NFL’s Netflix debut was a success – as far as streaming goes, anyway. But even...

Richard Parsons, former CEO of Time Warner, dies at 76 | CNN Business

CNN  —  Dick Parsons, an American businessman who led Time Warner and helped iconic US companies navigate tough...

These Are the 10 Highest-Paying Jobs That Don’t Require a Traditional Degree, According to a New Report

Searching for a job that doesn't ask for a college degree?A new report from AI interview firm Final Round AI, based on Glassdoor data,...