Ex-FTX Government Ryan Salame May Forfeit $1.5B as A part of Responsible Plea

As a part of his plea settlement with the federal government, Salame might in the end 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 provide the federal government a “2021 Porsche car” and a number of properties, together with two Massachusetts houses and possession of the East Rood Farm Company, an entity Salame owns. Primarily based on federal sentencing pointers, Salame might resist 10 years in jail.