Sam Bankman-Fried FTX Scandal

FTX founder charged in scheme to defraud crypto investors

https://apnews.com/article/cryptocu...mission-32d27016350e3e175c500eeefaf2aa4d

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

https://apnews.com/article/technolo...ernment-1de16cdf7e6956b401e998c34ad1fd11

Too bad for SBF, the Fed cameras won't be repaired before his (short??) US Prison stint.

https://apnews.com/article/biden-politics-prisons-oregon-crime-d81c59b1ea484f34d3cef5ee77967c7d

Congress OKs bill forcing feds to fix broken prison cameras

The agency must submit a report to Congress within three months detailing deficiencies and a plan to make needed upgrades. Those upgrades are required within three years and the bureau must submit annual progress reports to lawmakers.

FTX’s Gary Wang, Alameda’s Caroline Ellison plead guilty to federal charges, cooperating with prosecutors

https://www.cnbc.com/2022/12/22/ftx...harges-cooperating-with-prosecutors.html

https://twitter.com/SDNYnews/status/1605745361842327552

FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison both pleaded guilty to federal charges in the Southern District of New York, U.S. Attorney Damian Williams said in a message Wednesday.

Wang pleaded guilty to conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. Ellison pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.

The charges were released the same night that former FTX CEO Sam Bankman-Fried was en route from the Bahamas to New York, where he faces eight federal criminal charges from the same prosecutors who accepted plea deals from Ellison and Wang. The duo’s plea agreements were signed on Monday, the day that Bankman-Fried was originally supposed to return to the U.S. before a court hearing in the Bahamas devolved into chaos.

Ellison's plea agreement has been unsealed

https://s3.documentcloud.org/docume...reement-inner-city-press-on-the-case.pdf

She must be ready to sing like a bird because this is a very friendly plea agreement for her. $250,000 bail, her surrender of travel documents and a forfeiture of assets. Basically a waiving of charges except for criminal tax violations if she fully cooperates.

The agreement states that if Ellison fully cooperates with the SDNY's investigation, as well as any other law enforcement agency designated by the office, she won't be further prosecuted criminally except for possible criminal tax violations with regard to the wire and commodity fraud charges that resulted from commingling funds between FTX and Alameda accounts.

Not that I'm wishing it on him but does anyone else think this kid is gonna get Epsteined before he has a chance to talk?

Sam Bankman-Fried puts up -0- dollars for his bail set at $250 Million.