Judge rejects Bond's claim of a broken plea deal; trial set for Nov. 9 in the last major FTX-linked criminal case. Bond faces up to 20 years on campaign finance charges.
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Michelle Bond has lost her bid to dismiss criminal charges. A federal judge set her trial to begin on Nov. 9. The ruling rejected arguments tied to her husband Ryan Salame's plea agreement.
Judge George Daniels of the U.S. District Court for the Southern District of New York said Bond will face four campaign finance-related counts in November. The order came one week after the court refused to throw out the indictment. Bond's lawyers had argued that prosecutors agreed not to charge her if Salame pleaded guilty. Daniels rejected that claim.
The case is one of the last criminal proceedings stemming from the 2022 collapse of cryptocurrency exchange FTX. Other former executives have already been sentenced.
An August 2024 indictment alleges Bond and Salame illegally funded her 2022 campaign for New York's 1st Congressional District. Prosecutors say Salame routed about $400,000 from FTX through a sham payment to support the campaign, violating federal campaign finance laws. Bond has pleaded not guilty.
She faces four counts: conspiracy to cause unlawful political contributions, causing and receiving a straw donor contribution, causing and accepting excessive contributions, and causing and accepting an unlawful corporate contribution. Each carries up to five years in prison. The indictment also alleges Bond tried to hide the source by making false statements to a congressional committee and the Federal Election Commission.
Salame is serving a 90-month sentence after pleading guilty to conspiracy to make unlawful political contributions. He tried to withdraw his plea, arguing prosecutors misled him about whether Bond would face charges. He abandoned that effort and reported to prison in October 2024.
Among senior FTX figures, former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, Salame, and former engineering director Nishad Singh and co-founder Gary Wang have all received sentences. Bankman-Fried was convicted by a jury on seven felony counts and sentenced to 25 years. The Second Circuit Court of Appeals rejected his appeal. Court records leave a Supreme Court review or a presidential pardon as his remaining legal options. Bankman-Fried has also reportedly sought a pardon from President Donald Trump.
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