Speaking of suicide watch....
From CNBC Dec. 21, 9:12 PM EST
- 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.
- Simultaneously, both the Commodity Futures Trading Commission and Securities and Exchange Commission released civil complaints against them.
- Ellison, 28, and Wang, 29, become the second and third individuals to be charged in connection with FTX’s multibillion-dollar collapse. Bankman-Fried, 30, was indicted in federal court earlier this month.
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....
....MUCH MORE
