He was one of a half-dozen top executives who received a total of $3.2 billion in payouts. Salame received $87 million in bonuses and loans from Alameda. Bankruptcy lawyers and advisers for FTX said in March that Mr. Salame became enormously wealthy as the crypto market boomed and FTX reached a $32 billion valuation. Salame served as an intermediary between the company and the local government, and he was appointed co-chief executive of FTX Digital Markets, the exchange’s Bahamian business entity. After FTX relocated to the Bahamas in 2021, Mr. Bankman-Fried’s most loyal and trusted lieutenants. Bankman-Fried at Alameda Research, a crypto hedge fund that was based in Hong Kong.

Salame worked for EY, the global accounting and consulting firm better known as Ernst & Young, before working for Mr. agents gathered outside the home to The New York Times.Ī native of Sandisfield, Mass., a town in the Berkshires, Mr. It is unclear what the authorities were looking for during the search, which took place around 7 a.m., according to a person who sent a photo of F.B.I. Salame, did not respond to a request for comment.Īn F.B.I. They are scrutinizing an array of employees and advisers in the former crypto mogul’s orbit, including Mr. Salame’s $4 million house signals that federal authorities are not done with their investigation into FTX’s collapse as they prepare for Mr. Salame, had been misappropriated from customers of the exchange. In court filings, federal authorities have claimed that most of the $90 million contributed to political candidates by a handful of former FTX employees, including Mr. Salame has been under particular scrutiny over the $24 million in campaign contributions he made during last year’s midterm elections. Three of his former top executives have pleaded guilty in connection with the investigation and agreed to cooperate against their former boss. Bankman-Fried with orchestrating a vast fraud and illegal campaign finance scheme at FTX.

Salame, who ran FTX’s Bahamian subsidiary, was part of the close circle of advisers around Sam Bankman-Fried, the cryptocurrency exchange’s founder, before the firm filed for bankruptcy in November.įederal prosecutors have charged Mr.

carried out a search on Thursday morning at the Potomac, Md., home of Ryan Salame, a former FTX executive who was a major campaign contributor to Republican political candidates, two people with knowledge of the matter said.

Sarchies