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Re: Sam Bankman-Fried FTX Scandal
[Re: U talkin' da me ??]
#1046417
12/22/22 01:53 AM
12/22/22 01:53 AM
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Joined: Aug 2003
Posts: 1,651 Over Here < < in TX
U talkin' da me ??
OP
Shiny Brass
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OP
Shiny Brass
Underboss
Joined: Aug 2003
Posts: 1,651
Over Here < < in TX
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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.htmlhttps://twitter.com/SDNYnews/status/1605745361842327552FTX 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.
"It's nothing personal, Sonny....... It's strictly business."
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Re: Sam Bankman-Fried FTX Scandal
[Re: U talkin' da me ??]
#1046428
12/22/22 12:48 PM
12/22/22 12:48 PM
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Joined: Aug 2003
Posts: 1,651 Over Here < < in TX
U talkin' da me ??
OP
Shiny Brass
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OP
Shiny Brass
Underboss
Joined: Aug 2003
Posts: 1,651
Over Here < < in TX
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Ellison's plea agreement has been unsealed https://s3.documentcloud.org/docume...reement-inner-city-press-on-the-case.pdfShe 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.
"It's nothing personal, Sonny....... It's strictly business."
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Re: Sam Bankman-Fried FTX Scandal
[Re: U talkin' da me ??]
#1046433
12/22/22 02:24 PM
12/22/22 02:24 PM
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Joined: Dec 2001
Posts: 67,962 The Villa Quatro
Irishman12
UNDERBOSS
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UNDERBOSS
Joined: Dec 2001
Posts: 67,962
The Villa Quatro
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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.htmlhttps://twitter.com/SDNYnews/status/1605745361842327552FTX 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.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?
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