The post Former Ripple Exec Michelle Bond And Ryan Salame Face Charges For Violating Campaign Finance Laws appeared first on Coinpedia Fintech News

Federal prosecutors have charged Michelle Bond, the domestic partner of former FTX executive Ryan Salame, with violating campaign finance laws. Bond, who was a former Ripple executive unsuccessfully ran for a congressional seat in New York last year, and allegedly used $400,000 from FTX to finance her campaign. Salame allegedly arranged a $400,000 payment from the exchange that was totally used to fund Bond’s unsuccessful campaign. Bond ended up receiving $400,000 as part of her ‘consulting agreement’ with the FTX exchange, while she did not perform any services in exchange.