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Former FTX Executive Pleads Guilty 

A former executive at FX pleaded guilty yesterday in court to campaign finance and money transmitting crimes. Ryan Salem agreed to forfeit more than $1.5 billion admitting that from the fall of 2021 to November of 2022 he steered tens of millions of dollars of political contributions to both Democrats and Republicans in his own name. When the money actually came from FX, former FX co founder and Ceo Sam Bakeman Fried is set to go to trial on October 3rd under the accusation of committing wire fraud and securities fraud.