In agreements signed with prosecutors, Carolyn Ellison and Gary Wang agreed to plead responsible to fees together with wire fraud, securities fraud and commodities fraud.
(Reuters)
A federal prosecutor says two associates of Sam Bankman-Fried have pleaded responsible to prison fees associated to the collapse of the cryptocurrency trade FTX.
Carolyn Ellison, the previous CEO of Alameda Research, a buying and selling agency began by Bankman-Fried, and Gary Wang, who co-founded FTX together with Bankman-Fried, pleaded responsible to fees “related to their roles in the fraud that contributed to FTX’s collapse,” US Attorney Damian Williams mentioned Wednesday evening.
The responsible pleas have been introduced as Bankman-Fried was being flown to the US from the Bahamas by US regulation enforcement to reply fees tied to his position in FTX’s failure.
In agreements signed with prosecutors on December 19, Ellison and Wang agreed to plead responsible to fees together with wire fraud, securities fraud and commodities fraud.
READ MORE: FTX founder agrees to extradition to US – lawyer
US prosecutor: Two associates of Sam Bankman-Fried plead responsible to fees associated to the collapse of crypto trade FTX pic.twitter.com/m81UdLdNsW
— TRT World Now (@TRTWorldNow) December 22, 2022
Bankman-Fried extradited to US
Bahamian authorities mentioned that former FTX CEO Sam Bankman-Fried has been extradited to the United States, the place he faces prison fees associated to the collapse of the cryptocurrency trade.
Bahamas’ lawyer normal’s workplace mentioned that Bankman-Fried could be leaving for the United States later Wednesday, noting he had waived his proper to problem the extradition.
Reporters on the scene witnessed Bankman-Fried leaving a Magistrate Court in Nassau in a darkish SUV earlier Wednesday.
The car was later seen arriving at a non-public airfield by Nassau’s airport, from which he was anticipated to be flown to the United States.
He is because of land in New York and can probably seem in entrance of a US decide on Thursday.
READ MORE:
Crypto lender BlockFi information for chapter in FTX collapse ripple impact
“The Bahamas has determined that the provisional arrest and subsequent written consent by (Bankman-Fried) to be extradited without formal extradition proceedings satisfies the requirements of the (extradition treaty between the US and the Bahamas) and our nation’s Extradition Act,” mentioned Bahamian Attorney General Ryan Pinder, in a press release.
Bahamian authorities arrested Bankman-Fried final week on the request of the US authorities.
US prosecutors allege he performed a central position within the speedy collapse of FTX and hid its issues from the general public and traders.
READ MORE: Former FTX CEO Sam Bankman-Fried arrested within the Bahamas
Source: AP
