There are too many endorsements for this one.
Former FTX executive Ryan Salame shared a tongue-in-cheek update on LinkedIn ahead of his seven-and-a-half-year prison sentence, which began Friday.
“I am happy to share that I am starting a new position as an inmate at FCI Cumberland,” the 31-year-old wrote on the platform on Wednesday, two days before his prison sentence begins.
He also added “cleaning and carving” as a skill in his new position.
Salame, former co-CEO of FTX’s Bahamian subsidiary and a member of company founder Sam Bankman-Fried’s inner circle, was sentenced to seven and a half years in prison in May.
Former FTX executive Ryan Salame shared a tongue-in-cheek update on LinkedIn ahead of his seven-and-a-half-year prison sentence, which began Friday.
He will serve his sentence at FCI Cumberland, a medium-security federal prison in Maryland.
Salame’s post received thousands of comments, both praising and ridiculing the former executive for his transparent post.
‘Congratulations on the trip. You worked hard to get here and you have earned your time. Enjoy it while you chart your next path,” one LinkedIn member wrote sarcastically.
“Your post has certainly revolutionized the typical LinkedIn scroll,” one user wrote. ‘While her situation is far from traditional, it’s refreshing to see someone approach even the most challenging chapters in life with a touch of humor and honesty.
‘A dose of reality can be a breath of fresh air in a sea of corporate clichés. That being said, I hope that this next chapter offers you the necessary reflection and growth, and that when your time at FCI Cumberland concludes, you find a path forward that aligns with both personal and professional redemption. I wish you strength for the path ahead,” said the effusive comment.
‘Best post I’ve ever seen on LinkedIn, Ryan, not because of the task at hand, but because of the “don’t take anything / tired of this nonsense” awareness. Good luck for the next few years,” added another.
‘Congratulations! A job with mandatory team building, free uniforms, and unlimited time for personal development,” someone else chimed in.
Salame pleaded guilty to violating campaign finance laws and operating an illegal money transmission business. He was sentenced to prison on fraud and campaign finance charges related to the collapse of the Bankman-Fried cryptocurrency exchange in 2022.
He also helped expose Bankman-Fried of the theft of more than $8 billion in client money, which was meant to be stored on the cryptocurrency exchange.
Salame, former co-CEO of FTX’s Bahamian subsidiary and founder of the company, Sam Bankman-Fried’s inner circle, was sentenced to seven and a half years in prison in May.
He will serve his sentence at FCI Cumberland, a medium-security federal prison in Maryland.
Salame’s post received thousands of comments, many praising and ridiculing the former executive for his transparent post.
Sam Bankman-Fried (pictured) was sentenced to 25 years in prison
In an interview with New York Times, Salame also said he was not guilty of the crimes he was accused of, claiming that FTX lawyers had approved those donations and that he had pleaded guilty based on poor legal advice.
In November 2022, Salame reported to authorities that FTX client funds were being used to pay debts at Alameda Research, the hedge fund started by Bankman-Fried’s then-girlfriend, Caroline Ellison.
The social media-loving executive often took to social media to rant against his lawyers, alleging that his former FTX employees were misrepresenting events, and to share his support for former President Donald Trump after he spoke at a conference Bitcoin in Nashville.
Bankman-Fried was sentenced to 25 years in prison for defrauding hundreds of thousands of clients, which came to light with the collapse of FTX, once one of the most popular digital currency exchange platforms in the world.
Caroline Ellison, Bankman-Fried’s ex-girlfriend, was sentenced to two years for her role in the $8 billion crypto fraud and was seen crying frequently during Tuesday’s hearing.
