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International Business Times

Business

Marvie Basilan

Former FTX Exec's Partner Michelle Bond Charged For Campaign Finance Violations

Michelle Bond FTX Ryan Salame Exchange Crypto FEC United States

Michelle Bond talks about stablecoins and their impact on finance. YouTube | What Exactly Is a Stablecoin? (Credit: Bloomberg Quicktake YouTube/Screenshot)

KEY POINTS

Former FTX executive Ryan Salame allegedly arranged for Bond to receive a "sham payment" of $400K
Bond allegedly falsely claimed that the funds were payment for her consulting services
She allegedly tried to cover up her tracks by lying to the FEC and a congressional committee

Crypto lobbyist Michelle Bond, who ran for Congress in 2022, has been charged with illegally financing her congressional campaign with money from defunct crypto exchange FTX via Ryan Salame, a former executive at FTX, under a "sham consulting agreement," the U.S. Attorney's Office for the Southern District of New York said Thursday.

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