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Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal fraud charges and are cooperating with prosecutors as part of the criminal case against the former CEO of FTX, Sam Bankman-Fried.
United States Attorney for the Southern District of New York (SDNY), Damian Williams made the announcement on Dec. 22, emphasizing that the latest major development is unlikely to be the last.
"As I said last week, this investigation is ongoing and moving very quickly. I also said last week's announcement would not be our last and let me be clear once again, neither is today's," he said, adding that:
"I'm announcing that SDNY has filed charges against Caroline Ellison […] and Gary Wang […] in connection with their roles in the frauds that contributed to FTX's collapse. Both Ms. Ellison and Mr. Wang have plead guilty to those charges and both are cooperating with the SDNY."
Williams also confirmed that SBF is now in the custody of the Federal Bureau of Investigation (FBI) and is "on his way back to the United States" where he will be transported directly to the Southern District of New York to appear before a judge "as soon as possible."
Statement of U.S. Attorney Damian Williams on U.S. v. Samuel Bankman-Fried, Caroline Ellison, and Gary Wang pic.twitter.com/u1y4cs3Koz
— US Attorney SDNY (@SDNYnews) December 22, 2022
Williams also used the statement to send a stark warning to anyone that may have participated in misconduct at FTX or Alameda:
"Now is the time to get ahead of it. We are moving quickly and our patience is not eternal."
SBF was officially handed over from Bahamanian custody to U.S. authorities on Dec. 21 after he waived his right to a formal extradition process that could have taken weeks. His lawyer claimed that SBF wanted to speed up the process as he is currently driven to "put the customers right."
Meanwhile, Ellison's recent guilty plea and cooperation with the SDNY may be unsurprising for some, given that she was reportedly spotted at a coffee shop just a short walk away from the U.S. Attorney’s Office and the New York FBI office on Dec. 5.
https://cointelegraph.com/news/caroline-ellison-gary-wang-plead-guilty-to-fraud-charges
the incompetence of the plaintiff's attorneys was shocking
like the entire production was a LARP
they were even laughing over their own folly at times
a cringe fest
there's a spiritual element to it
the degree of incompetence resulting in injustice
courts today are part of the problem, not any form of solution
>FTX was being run by either an intel agency, their parents (accountants and engineers) or a combination of both.
this is patently clear
the only reason the fake news is even discussing it at all is because it's a key part of the Great Reset narrative
they will regulate crypto out of existence
CBDCs will be the 'solution' to the crazy meth-head kids irresponsibility
would love to know what kind of jail time Caroline Ellison is expecting to serve
kekking so hard at the steadiness of his chewing throughout
he takes another bite right after glancing in the rearview
what is he consuming?
wonder if that big belly cushion gives him some extra security feelz behind the wheel
in 22k breads, how many times has this post appeared