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> So he got to keep his money and got 1/3 the time compared to SBF who presumably lost everything and got 25 years. This is false. He agreed to forfeit over $1

> So he got to keep his money and got 1/3 the time compared to SBF who presumably lost everything and got 25 years. This is false. He agreed to forfeit over $1.5B in assessts. I doubt he has much if anything left at this point. https://www.coindesk.com/policy/2023/09/07/ex-ftx-executive-ryan-salame-pleads-guilty-to-us-criminal-charges/ https://www.coindesk.com/policy/2023/09/07/ex-ftx-executive-... EDIT :) Fine https://downloads.coindesk.com/legal/2023.09.07%20Signed%20Marked%20Court%20Exhibit.pdf https://downloads.coindesk.com/legal/2023.09.07%20Signed%20M... Page 2 second paragraph....

paulpauper 2y ago
He agreed to forfeit over $1.5B in assessts It says "Could " Do people even read the headlines they link to? The DOJ link did not mention giving up everything. It said restitution of millions.
- hiatus 2y ago
  I was confused, too, but that sum is listed in a different DOJ document. > The defendant hereby admits the forfeiture allegation with respect to Count Two of the Information and agrees to forfeit to the United States, pursuant to Title 18, United States Code, Section 982(a)(1), a sum of money equal to $1,555,186,143 in United States currency, representing property involved in said offense (the "Money Judgment" https://downloads.coindesk.com/legal/2023.09.07%20Signed%20Marked%20Court%20Exhibit.pdf https://downloads.coindesk.com/legal/2023.09.07%20Signed%20M...
- deleted 2y ago
  [deleted]
candiddevmike 2y ago
If he can squirrel away a few million, < 1% of the forfeit amount, he's still set for life. I don't think it's possible for a billionaire to cease being rich.
- paulpauper 2y ago
  Yes. Even if he loses everything nominally on paper, careers await upon his release. he has the connections still. These people almost always fail-forward.
  - surfingdino 2y ago
    He'll start his own YouTube channel and do a round of Lex Friedman, My First Million, The Diary of a CEO, Triggernometry, etc. to promote it, his book, and a course on "How Not to Get Scammed".
- shombaboor 2y ago
  there are a number of famous criminals back in the game. Being infamous is invaluable on twitter: jordan belfort, Shkreli, billy mcfarland. Just get a twitter account and sell the movie rights
  - pfannkuchen 2y ago
    After listening to Shkreli talk for a few hours he seems like the sort of person who thought he was just being clever and it turned out to be technically illegal. As opposed to brazen criminality. I wouldn’t feel bad about hiring him (though would do some more digging first).
    - shombaboor 2y ago
      in the long run it was probably good for his career. Everyone knows who he is. That type of PR/media awarenes/branding is worth a ton.
    - tasuki 2y ago
      I think he paid his previous investors with money his later venture earned. This is illegal because it's stealing money from the latter venture investors. But heart in the right place, good intentions, imo.
ohmyiv 2y ago
> 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.
ohmyiv 2y ago
That judgemental didn't go through as per a quote from the article you posted: > 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.

paulpauper 2y ago

He agreed to forfeit over $1.5B in assessts It says "Could " Do people even read the headlines they link to? The DOJ link did not mention giving up everything. It said restitution of millions.

hiatus 2y ago
I was confused, too, but that sum is listed in a different DOJ document. > The defendant hereby admits the forfeiture allegation with respect to Count Two of the Information and agrees to forfeit to the United States, pursuant to Title 18, United States Code, Section 982(a)(1), a sum of money equal to $1,555,186,143 in United States currency, representing property involved in said offense (the "Money Judgment" https://downloads.coindesk.com/legal/2023.09.07%20Signed%20Marked%20Court%20Exhibit.pdf https://downloads.coindesk.com/legal/2023.09.07%20Signed%20M...
deleted 2y ago
[deleted]

candiddevmike 2y ago

If he can squirrel away a few million, < 1% of the forfeit amount, he's still set for life. I don't think it's possible for a billionaire to cease being rich.

paulpauper 2y ago
Yes. Even if he loses everything nominally on paper, careers await upon his release. he has the connections still. These people almost always fail-forward.
- surfingdino 2y ago
  He'll start his own YouTube channel and do a round of Lex Friedman, My First Million, The Diary of a CEO, Triggernometry, etc. to promote it, his book, and a course on "How Not to Get Scammed".
shombaboor 2y ago
there are a number of famous criminals back in the game. Being infamous is invaluable on twitter: jordan belfort, Shkreli, billy mcfarland. Just get a twitter account and sell the movie rights
- pfannkuchen 2y ago
  After listening to Shkreli talk for a few hours he seems like the sort of person who thought he was just being clever and it turned out to be technically illegal. As opposed to brazen criminality. I wouldn’t feel bad about hiring him (though would do some more digging first).
  - shombaboor 2y ago
    in the long run it was probably good for his career. Everyone knows who he is. That type of PR/media awarenes/branding is worth a ton.
  - tasuki 2y ago
    I think he paid his previous investors with money his later venture earned. This is illegal because it's stealing money from the latter venture investors. But heart in the right place, good intentions, imo.

ohmyiv 2y ago

> 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.

ohmyiv 2y ago

That judgemental didn't go through as per a quote from the article you posted: > 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.