Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i...
by ohmyiv on Tuesday May 28, 2024 @05:14PM
(#40505682)
> He agreed to forfeit over $1.5B in assessts. I doubt he has much if anything left at this point.
Legitimate Source? Your link says that he _could_, multiple times. The article from the Justice Dept in OP says about 11 million.
Edit: Patent edited for a source, but still, Salame didn't pay the full $1.5B, as per parent's article:
> Should Salame pay the $6 million and turn over the various properties by the set deadlines – referred to as the substitute assets – he will be off the hook for the full amount, a DOJ filing said. "Upon receipt of the payment ... the [U.S.] shall accept the Payment and Substitute Assets in full satisfaction of the Money Judgement," the filing said.
So, he _didn't _ actually pay $1.5B. He may have agreed to forfeit it, but he still didn't have to pay that much, which was the point of GP's comment.
Legitimate Source? Your link says that he _could_, multiple times. The article from the Justice Dept in OP says about 11 million.
Edit: Patent edited for a source, but still, Salame didn't pay the full $1.5B, as per parent's article:
> Should Salame pay the $6 million and turn over the various properties by the set deadlines – referred to as the substitute assets – he will be off the hook for the full amount, a DOJ filing said. "Upon receipt of the payment ... the [U.S.] shall accept the Payment and Substitute Assets in full satisfaction of the Money Judgement," the filing said.
So, he _didn't _ actually pay $1.5B. He may have agreed to forfeit it, but he still didn't have to pay that much, which was the point of GP's comment.