SBF's ______-buddies, oops, make that partners are turning on him. The Wall Street Journal reported:
Two associates of FTX founder Sam Bankman-Fried have pleaded guilty for their roles in fraud that contributed to the cryptocurrency exchange’s collapse and are cooperating with federal investigators.
Caroline Ellison, the former chief executive of Alameda Research, a trading firm tied to FTX, and Gary Wang, FTX’s former chief technology officer, both pleaded guilty to criminal offenses similar to those Mr. Bankman-Fried was charged with last week. ....
Ms. Ellison, 28 years old, pleaded guilty to seven counts, including wire fraud and conspiracy to commit securities fraud, according to her plea agreement, which was signed Monday. Mr. Wang, 29, pleaded guilty to four counts, including wire fraud.
The Securities and Exchange Commission and Commodity Futures Trading Commission also sued Ms. Ellison and Mr. Wang, alleging they committed civil securities and commodities fraud. Both agreed to settle the SEC’s and CFTC’s claims and to accept liability, with monetary penalties to be decided in the future, according to the regulators.
Mr. Bankman-Fried, 30, is expected to appear in federal court in Manhattan as soon as Thursday. Prosecutors have charged him with eight criminal counts, alleging he defrauded customers, lenders and investors, in addition to making illegal political donations.....Rest of article
6 comments:
Lamar Adams is impressed.
The SBF smirk is gone.
Is that supposed to be comedy Melvin?
You should stick to what you know, which is basically nothing.
She will walk with millions. He will walk with hundreds of millions after a few years in prison.
Their families will not be charged. The fix is in.
"The fix is in."
On what do you base that statement, other than your obvious position that the United States criminal justice system doesn't work? BTW, how much does the GRU pay these days for Internet trolling?
This GRU guy is like the idiot with the Word-A-Day calendar.
We get it. You found a new buzz word and you want us to all know how smart you are.
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