PANews reported on May 22 that according to Bloomberg, in a sentencing memorandum filed with the Manhattan Federal Court on Tuesday, U.S. federal prosecutors said that former FTX executive Ryan Salame should be imprisoned for five to seven years. Prosecutors said the 30-year-old man admitted to committing "serious crimes that require a heavy sentence to ensure that Salame is punished fairly." Salame's lawyer argued that his sentence should not exceed 18 months. Salame will be sentenced on May 28.
