Particle.news
Download on the App Store

Judge Keeps FTX-Linked Campaign Case Against Michelle Bond Alive

By rejecting the defense’s claim that Ryan Salame’s plea promised Bond immunity, the ruling clears the way for federal prosecutors to pursue the case.

Overview

  • Bond’s motion to dismiss was denied after Wednesday’s court order by U.S. District Judge George Daniels, so the four-count indictment remains active in the Southern District of New York.
  • The indictment alleges a $400,000 payment labeled as consulting fees from FTX, plus additional personal wire transfers arranged by Ryan Salame, were used to fund Bond’s 2022 New York congressional campaign.
  • Bond faces charges of conspiracy to cause unlawful contributions, using a straw donor, accepting excessive contributions, and receiving an unlawful corporate contribution, with each count carrying up to five years in prison.
  • Judge Daniels found no binding promise of immunity in Salame’s written plea agreement and said the record showed no government promise to shield Bond from prosecution.
  • The ruling keeps a major thread of the post‑FTX legal fallout alive and means prosecutors can move to further pretrial steps or trial scheduling while Bond continues to contest the allegations.