Uninterested in LinkedIn posts full of clichés like “congratulations” and “well deserved”? Ryan Salame, convicted former FTX government, supplied one thing completely different. He introduced his subsequent profession transfer: serving time at a federal penitentiary in Maryland.
“I’m happy to share that I’m starting a new position as Inmate at FCI Cumberland,” he posted to Microsoft’s on-line networking platform on Thursday, full with the cheerful digital graphic that accompanies job bulletins on LinkedIn.
It’s uncommon that somebody so overtly pokes enjoyable at his personal predicament.
In spite of everything, Salame is spending the subsequent seven and a half years in an orange jumpsuit, assuming he serves out his full sentence.
However maybe he took inspiration from “pharma bro” Martin Shkreli, the Turing CEO convicted of securities fraud. On his LinkedIn profile, Shkreli defined a five-year profession break within the New York Metropolis metropolitan space just by writing: “I went to prison.”
His publish has already acquired greater than 7,500 likes, over 800 feedback, and been shared near 600 instances.
‘LinkedIn was invented for this very post’
This time, although, the most effective half is the replies. Too quite a few to depend or listing right here, they’re all dripping with the type of gallows humor hardly ever discovered on a website recognized for its regular stream of boilerplate nicely needs.
“LinkedIn was invented for this very post, and I will not be convinced otherwise,” wrote Igor Khrestin, managing director of world coverage of the George W. Bush Institute.
LinkedIn customers danced on Salame’s figurative grave as a result of FTX had develop into one of the vital hated corporations in America.
It marked the most important company fraud since Elizabeth Holmes based faux blood diagnostics agency Theranos.
Run by self-described altruist Sam Bankman-Fried—who as soon as performed host to Invoice Clinton and Tony Blair—FTX ended up the villain after stealing consumer funds to cowl playing bets by its sibling crypto hedge fund, Alameda Analysis.
FTX collapse marked the height of crypto winter
The November 2022 collapse of FTX marked the peak of an extended crypto winter, throughout which numerous scandals introduced disrepute to a complete business that served a brand new breed of digitally savvy shoppers.
In 2020 and 2021, tens of millions around the globe sought freedom and safety from the fixed whirr of the central financial institution printing press by unbanking themselves.
For these folks, cryptocurrencies have been a refuge from the normal monetary system and paper cash backed solely by authorities fiat.
Bankman-Fried, Salame, and different accomplices, similar to Caroline Ellison, betrayed their belief after they conspired to plug holes of their dangerous hypothesis with funds FTX was supposed to carry as a custodian.
Worse, Bankman-Fried repeatedly tried to deflect criticism and painting his fraud in a extra flattering gentle.
Salame’s boss was finally sentenced to 25 years behind bars.
Not everybody cared for Salame’s tongue-in-cheek humor, nonetheless.
Wisconsin-based public relations skilled Jeremy Tunis referred to as the publish a case examine in “how to generate zero sympathy”.
As an alternative of the “cringe and tone deaf” announcement, he argued Salame would have been higher suggested to publish a letter to all of the victims of the FTX fraud acknowledging the ache he induced.
