- Chief executive of Alameda Research, Caroline Ellison & Gary Wang, a founder of FTX, have pleaded guilty.
- FTX CEO SBF is heading to the US to face charges against him.
- Ellison and Wang agreed to cooperate with the US attorney’s office, FBI & other officials.
Sam Bankman-Fried’s aides including Caroline Ellison, who was the chief executive of Alameda Research, and Gary Wang, a founder of FTX, have pleaded guilty to federal criminal fraud charges. Meanwhile, the CEO of FTX, Sam Bankman-Fried, is heading to the US to face charges against him.
As per a press release by US SEC, Ellison and Wang are cooperating in the prosecution of Bankman-Fried. Regulators including the SEC and Commodity Futures Trading Commission (CFTC) have also filed civil fraud allegations against Ellison and Wang.
Ellison has pleaded guilty to seven offenses- two offenses of wire fraud and five conspiracy counts including wire, securities, and commodities fraud. She is also charged with money laundering. Mr. Wang has pleaded guilty to wire fraud and three other conspiracy offenses including wire, securities, and commodities fraud.
Ms. Ellison and Mr. Wang have agreed to fully cooperate with the U.S. attorney’s office, the FBI, and other officials. They have also agreed to completely and honestly disclose all information that would be asked of them.
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