Ex-Congressional Candidate Charged With Illegally Using FTX Cash to Fund Failed Campaign

The U.S. Department of Justice today charged former congressional candidate Michelle Bond, the partner of former FTX executive Ryan Salame, for violating campaign finance laws.The agency alleged on Thursday that Bond, 45, illegally funded her unsuccessful run for Congress in 2022 by taking $400,000 from FTX in what it framed as a sham consulting agreement arranged by Salame. Only yesterday, Salame Salame was “As alleged, Michelle Bond and her co-conspirator romantic partner attempted to fund her campaign for the U.S. House of Representatives by illegally using hundreds of thousands of dollars from corporate coffers, among other sources, and then lying to Congress and others to cover it all up,” said U.S. Attorney for the Southern District of New York Damian Williams, in a statement.The charges are one count of conspiracy to cause unlawful campaign contributions; one count of causing and accepting excessive campaign contributions; one count of causing and receiving an unlawful corporate contribution; and one count of causing and receiving a conduit contribution, according to the indictment.FTX, once one of the most recognized brands in the crypto space, unexpectedly Edited by Ryan Ozawa.