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Caroline Ellison Pleads Guilty To Fraud And Rats Out SBF
Financially AwareDec 22, 2022
Caroline Ellison and Gary Wang have pleaded guilty to fraud and will testify against Sam Bankman-Fried. Caroline Ellison was the CEO of Alameda Research and Gary Wang was the CTO of FTX. As Sam Bankman Fried waived his right to fight extradition and is already back in the US to face fraud charges in the bankruptcy of cryptocurrency exchange FTX. Caroline Ellison faces 110 years in jail and Gary Wang faces 50 years in jail. Both are said to be cooperating with the prosecution of SBF who faces even more jail time for the massive FTX bankruptcy fraud. 13:07