Ryan Salame announced his arrival at prison with a joke formatted like a LinkedIn job update. On October 10, 2024, as he began serving a 90-month federal sentence, he posted: “I’m happy to share that I’m starting a new position as Inmate at FCI Cumberland!”
What did Ryan Salame post on LinkedIn?
Salame used LinkedIn’s work-update format to announce that he was starting a “new position” as an inmate at FCI Cumberland. TechCrunch reported on October 10, 2024, that the post included a colorful, cupcake-themed cartoon and appeared as he began his prison sentence. TechCrunch reported on the post.
The next day, CNN, in a report carried by WRAL, quoted a follow-up joke Salame posted on X: “Today I learned people still use LinkedIn.” CNN’s report carried by WRAL covered the follow-up.
Where did Salame report to prison?
His LinkedIn post named FCI Cumberland, a federal prison in Maryland. The post’s timing tied the joke to the start of his sentence in October 2024.
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What was Ryan Salame sentenced for?
The U.S. Department of Justice said Salame pleaded guilty to two conspiracy offenses: making unlawful political contributions and defrauding the Federal Election Commission, and operating an unlicensed money-transmitting business. On May 28, 2024, U.S. District Judge Lewis A. Kaplan sentenced him to 90 months in prison, followed by three years of supervised release. The sentence also included more than $6 million in forfeiture and more than $5 million in restitution, according to the DOJ. The DOJ’s sentencing announcement describes the plea and sentence.
The DOJ said Salame was a high-ranking Alameda Research official from 2019 to 2021 and became co-CEO of FTX Digital Markets, FTX’s Bahamian affiliate, in October 2021. Its account says the unlicensed transmission scheme moved FTX customer funds and that Salame and co-conspirators made more than 300 unlawful political contributions totaling tens of millions of dollars.
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Those are the offenses identified in the DOJ’s account of Salame’s guilty plea. They should not be conflated with customer-fraud charges: the cited plea counts were for unlawful political contributions and an unlicensed money-transmitting business.
What did the judge and Salame say at sentencing?
The Associated Press reported that Judge Kaplan criticized Salame for withdrawing $5 million in cryptocurrency from FTX as the company was failing. AP quoted the judge describing Salame as trying to get into the “lifeboat” first, and reporting that Kaplan said Salame “knew precisely what he was doing … and the whole idea was to hide it from the world. Astonishing!”
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At sentencing, AP also reported Salame said: “I fully understand that the means I sought to achieve these goals were illegal.” The Associated Press’s sentencing report covered the remarks.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Is March 2031 Salame’s confirmed release date?
No. The Washington Post reported on December 26, 2024, that Salame’s projected release date had shifted to March 2031, citing the Bureau of Prisons website at that time. That is a dated projection, not confirmation of his present release date. The Washington Post’s December 2024 report gives that historical projection.
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