Sam Bankman-Fried Associates Plead Guilty to Charges in FTX Collapse

[Epoch-Times-Bot]

Sam Bankman-Fried Associates Plead Guilty to Charges in FTX Collapse

Two associates of failed FTX boss Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange.
Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges in connection with “their roles in the fraud that contributed to FTX's collapse,” U.S. Attorney for the Southern District of New York (SDNY) Damian Williams announced on Dec. 22.
Both Ellison, 28, and Wang, 29, pleaded guilty to several counts including wire fraud, securities fraud, and commodities fraud in agreements signed with prosecutors earlier this month in return for leniency in their sentences....

Source: Sam Bankman-Fried Associates Plead Guilty to Charges in FTX Collapse

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