He agreed to surrender more than $1.5bn (£1.2bn) to authorities.
The pleading comes ahead of the October trial of FTX founder Sam Bankman-Fried.
The pleading comes ahead of the October trial of FTX founder Sam Bankman-Fried.
Prosecutors have said the fall stemmed from a massive scheme run by Mr Bankman-Fried. He is accused of misusing money from investors and customers from FTX to pay for property, political donations and plug losses at his hedge fund, Alameda Research.
He has denied the allegations and was recently returned to jail to await trial.
Mr Salame started working at Alameda in 2019 and became co-chief of FTX’s Bahamas unit and a major political donor.
He is the fourth top executive from Mr Bankman-Fried’s companies to plead guilty to charges, after former Alameda chief executive officer Caroline Ellison, former FTX technology chief Gary Wang and former FTX engineering chief Nishad Singh.
Mr Salame on Thursday admitted to using money from Alameda and using false names to illegally make millions of dollars of donations, exceeding legal limits.
The pleading comes ahead of the October trial of FTX founder Sam Bankman-Fried.
He agreed to surrender more than $1.5bn (£1.2bn) to authorities.
Prosecutors have said the fall stemmed from a massive scheme run by Mr Bankman-Fried. He is accused of misusing money from investors and customers from FTX to pay for property, political donations and plug losses at his hedge fund, Alameda Research.
The pleading comes ahead of the October trial of FTX founder Sam Bankman-Fried.
The pleading comes ahead of the October trial of FTX founder Sam Bankman-Fried.
Prosecutors have said the fall stemmed from a massive scheme run by Mr Bankman-Fried. He is accused of misusing money from investors and customers from FTX to pay for property, political donations and plug losses at his hedge fund, Alameda Research.
He has denied the allegations and was recently returned to jail to await trial.
Mr Salame started working at Alameda in 2019 and became co-chief of FTX’s Bahamas unit and a major political donor.
He is the fourth top executive from Mr Bankman-Fried’s companies to plead guilty to charges, after former Alameda chief executive officer Caroline Ellison, former FTX technology chief Gary Wang and former FTX engineering chief Nishad Singh.
Mr Salame on Thursday admitted to using money from Alameda and using false names to illegally make millions of dollars of donations, exceeding legal limits.
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