Share this article URL CopiedFederal prosecutors are delving into the financials of Ryan Salame, a former executive of FTX, and Michelle Bond, a previous congressional candidate. Their inquiry focuses on a potential infringement of federal campaign-finance laws during Bond’s 2022 campaign for the GOP primary in New York’s 1st congressional district, The Wall Street Journal reported on July 11. In this investigation, authorities are examining if Salame and Bond unlawfully bypassed federal contribution limits to Bond’s campaign, especially to the money given by Salame to Bond and loans she extended to her campaign. Formerly the CEO of the Association for Digital Asset Markets and a consultant for FTX, Bond was a late entrant into the 2022 GOP primary race. Despite prominent Republican endorsements, Bond’s campaign fell short.

Source: Wall Street Journal July 11, 2023 16:29 UTC