|
Getting your Trinity Audio player ready...
|
- Michelle Bond’s trial is scheduled for November after a failed motion to dismiss.
- Prosecutors allege $400,000 in improper FTX-linked campaign funding.
- The case is part of the final wave of legal actions from the FTX collapse.
The legal aftermath of the FTX collapse continues to unfold, with another high-profile courtroom chapter now scheduled for later this year. Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, is set to go on trial in November in a case tied to alleged campaign finance violations connected to her 2022 congressional run. The decision marks another step in the long-running effort by US prosecutors to untangle political funding claims linked to the fallen crypto exchange.
Trial Date Confirmed After Failed Dismissal Bid
A federal judge in the Southern District of New York has scheduled Bond’s trial for November 9. Judge George Daniels rejected her motion to dismiss the indictment last week, clearing the way for proceedings to continue.
Bond had argued that prosecutors previously assured her husband, Ryan Salame, that she would not be charged if he entered a guilty plea. The court, however, did not accept that claim as a basis to end the case.
The trial date arrives after months of procedural delays, making Bond’s case one of the final active criminal matters tied to the broader FTX investigation.
Allegations Center on 2022 Congressional Campaign
Prosecutors allege that Bond and Salame coordinated unlawful financial support during her 2022 bid for a US House seat in New York’s 1st Congressional District. According to the indictment, roughly $400,000 in FTX-related funds was routed through what authorities describe as an improper payment arrangement designed to conceal the true source of the money.
Bond, who ran as a Republican and ultimately lost the primary to Nicholas LaLota, now faces four counts related to campaign finance violations. The case is part of a wider probe into how executives at the collapsed exchange allegedly used company resources to influence political outcomes.
Broader FTX Fallout Still Echoes Through Courts
The prosecution of Bond is one of the last remaining strands of the legal fallout from the 2022 collapse of FTX, once one of the world’s largest crypto exchanges. Founder Sam Bankman-Fried was convicted on multiple fraud charges and is serving a 25-year sentence after losing a recent appeal. He is now pursuing a presidential pardon as one of his final legal options.
Other former executives have already faced sentencing. Caroline Ellison and Nishad Singh received reduced penalties after cooperating with investigators, while Gary Wang also testified during the government’s case.
Also Read: FTX Token Jumps 20%: Is FTT About to Break Out Above $0.38?
As Bond prepares for trial, the FTX saga continues to ripple through the US legal system, long after the exchange’s dramatic collapse. Her case underscores how deeply the crypto empire’s political and financial dealings are still under scrutiny. With multiple executives already sentenced and appeals ongoing, the final chapters of the FTX fallout are still being written in courtrooms rather than markets.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
