TechFlow news — A complaint unsealed on August 22 by the U.S. District Court for the Southern District of New York reveals that Michelle Bond, partner of former FTX Digital Markets co-CEO Ryan Salame, has been charged with violating campaign finance laws.
Prosecutors allege that Bond and an unnamed co-conspirator illegally funded her 2022 campaign for the U.S. House of Representatives.
The indictment suggests the co-conspirator may be Salame, who allegedly arranged a $400,000 payment. Bond is charged with conspiracy to make illegal campaign contributions, causing and accepting excessive campaign contributions, causing and accepting illegal corporate contributions, and causing and accepting conduit contributions. Prosecutors also accuse her of making false statements to the Federal Election Commission and congressional committees to conceal her and the co-conspirator’s actions.
Notably, Salame previously pleaded guilty in September 2023 and was sentenced to 7.5 years in prison, with surrender scheduled for October 13. His legal team has recently filed a motion to withdraw his guilty plea.
