CandleFocus Crypto Lobbyist Charged With Breaking Campaign Finance Rules
2024-09-23
Author: Content Editor
Michelle Bond, a former head of a crypto industry trade group, has been charged with campaign finance fraud in connection with the collapse of the FTX crypto exchange. Federal prosecutors accused her of violating campaign finance laws during her unsuccessful bid for Congress in 2022, alleging that she received a fraudulent $400,000 payment from FTX orchestrated by her boyfriend, Ryan Salame, an FTX executive. The charges reveal that the legal consequences of FTX's bankruptcy are ongoing, with multiple individuals facing criminal prosecution.
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