Sam Bankman-Fried's ex-girlfriend and the co-founder of FTX have each pleaded guilty to criminal charges and are cooperating with prosecutors, U.S. Attorney Damian Williams says.
December 21, 2022, 9:07 PMSam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas, Dec. 21, 2022.'s ex-girlfriend and the co-founder of FTX have each pleaded guilty to criminal charges and are cooperating with prosecutors, U.S. Attorney Damian Williams said Wednesday.
Caroline Ellison, CEO of Alameda Research, Bankman-Fried's privately-controlled hedge fund, and Gary Wang, co-founder of FTX, pleaded guilty earlier this week, according to newly unsealed court documents. Ellison pleaded guilty to conspiracy to commit wire fraud on customers of FTX, wire fraud on customers of FTX, conspiracy to commit wire fraud on lenders of Alameda Research and wire fraud on lenders of Alameda Research, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering, according to the court documents.
Wang pleaded guilty to four counts: conspiracy to commit wire fraud on customers of FTX, wire fraud on customers of FTX, conspiracy to commit commodities fraud and conspiracy to commit securities fraud, the court documents stated. He faces up to 50 years in prison.& Jacobson LLP, said in a statement: "Gary has accepted responsibility for his actions and takes seriously his obligations as a cooperating witness.
Word of the guilty pleas and cooperation agreements came after Bankman-Fried took off from the Bahamas aboard a U.S. government plane flying to New York, where he is expected to be arraigned Thursday on an eight-count indictment that charges him with orchestrating one of the biggest financial frauds in American history.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried, FTX wined and dined top regulator official at ritzy DC restaurant, emails showEXCLUSIVE — Sam Bankman-Fried, the disgraced former FTX CEO facing prison time, wined and dined a top government regulator official at a swanky Washington, D.C., restaurant with his FTX colleagues while lobbying for friendly industry regulations, emails show.
Read more »
Ex-FTX CEO Sam Bankman-Fried agrees to be extradited to U.S., sources saySam Bankman-Fried, the former CEO of FTX, has agreed to be extradited from the Bahamas to the U.S. to face charges related to the failed crypto exchange's collapse.
Read more »
FTX founder Sam Bankman-Fried agrees to extradition in crypto fraud caseSam Bankman-Fried was arrested in the Bahamas last week, a month after crypto giant FTX collapsed. He has been charged with fraud and other crimes.
Read more »
FTX founder Sam Bankman-Fried agrees to extradition to the US | EngadgetThe former Cryptocurrency CEO will be extradited to the US to face 8 federal charges..
Read more »
Sam Bankman-Fried, founder of FTX, to likely waive extradition in BahamasSam Bankman-Fried agreed to be extradited from the Bahamas back to the U.S. to face fraud charges. He is the founder of the cryptocurrency exchange FTX.
Read more »