Ex-FTX Executive Ryan Salame Could Forfeit $1.5B as Part of Guilty Plea

As a part of his plea settlement with the federal government, Salame may finally forfeit greater than $1.5 billion {dollars}. He agreed handy over $6 million earlier than his sentencing, scheduled for March of subsequent yr. To assist cowl this quantity, Salame has already agreed to offer the federal government a “2021 Porsche vehicle” and a number of properties, together with two Massachusetts houses and possession of the East Rood Farm Company, an entity Salame owns. Based mostly on federal sentencing tips, Salame may withstand 10 years in jail.