I can’t recall a federal prosecution moving this fast. Most take years. This is basically weeks.
SBF is gone baby gone. Wonder if he’s dumb enough to fight it like E Holmes or tries to take a deal so he can see the outside world before age 50.
NYT:
“
Two former top executives of Sam Bankman-Fried’s crypto trading empire have pleaded guilty to federal criminal fraud charges and are cooperating in the case against the disgraced crypto entrepreneur, the U.S. attorney for the Southern District of New York said on Wednesday night.
The two are Caroline Ellison, who was the chief executive of the cryptocurrency trading company Alameda Research, and Gary Wang, a founder of the FTX crypto exchange. They were key lieutenants in Mr. Bankman-Fried’s vast business empire, which rested primarily on FTX and Alameda, companies that he founded and ran.”
SBF is gone baby gone. Wonder if he’s dumb enough to fight it like E Holmes or tries to take a deal so he can see the outside world before age 50.
NYT:
“
Two former top executives of Sam Bankman-Fried’s crypto trading empire have pleaded guilty to federal criminal fraud charges and are cooperating in the case against the disgraced crypto entrepreneur, the U.S. attorney for the Southern District of New York said on Wednesday night.
The two are Caroline Ellison, who was the chief executive of the cryptocurrency trading company Alameda Research, and Gary Wang, a founder of the FTX crypto exchange. They were key lieutenants in Mr. Bankman-Fried’s vast business empire, which rested primarily on FTX and Alameda, companies that he founded and ran.”
