Article

2022-12-23 Government Corruption

Bankman-Fried's ex-girlfriend and FTX co-founder plead guilty to fraud charges

[NYPOST] The ex-girlfriend of disgraced crypto mogul Sam Bankman-Fried and a co-founder of FTX pleaded guilty to fraud charges in the collapse of the cryptocurrency exchange and are both cooperating with federal prosecutors, officials announced Wednesday night.

Caroline Ellison, the former CEO of Bankman-Fried’s crypto hedge fund company Alameda Research, and Gary Want, a co-founder of FTX, pleaded guilty to the criminal offenses before Bankman-Fried landed back in New York to face his own charges, Manhattan US Attorney Damian Williams said in a Wednesday night statement.

The charges filed against the pair were "in connection with their roles in the frauds that contributed to FTX’s collapse," Williams said.

"Both Ms. Ellison and Mr. Wang have plead guilty to those charges and they are both cooperating with the Southern District of New York."

News of the charges came after Bahamian authorities handed Bankman-Fried over to FBI custody. He was flown back to New York Wednesday night and will appear in front of a federal judge "as soon as possible," the US attorney said.

Posted by Fred 2022-12-23 00:00|| || Front Page|| [11132 views ] Top

#1 Someone else said it: Caroline Ellison looks like she always was the caterpillar in her school plays

Posted by Frank G 2022-12-23 10:47|| 2022-12-23 10:47|| Front Page Top

#2 Proof that being "good at math" isn't a cure-all.

Posted by M. Murcek 2022-12-23 11:01|| 2022-12-23 11:01|| Front Page Top

#3 If someone has to take the fall, and it comes down to me or you, It's gonna be you.

Posted by ed in texas 2022-12-23 13:32|| 2022-12-23 13:32|| Front Page Top

#4 All these "math nerds" never studied the prisoner's dilemma.

Posted by M. Murcek 2022-12-23 13:34|| 2022-12-23 13:34|| Front Page Top

#5 "I'm a math genius."

"So?"

Posted by M. Murcek 2022-12-23 13:36|| 2022-12-23 13:36|| Front Page Top

#6 Had a brilliant friend who was getting a math degree. He said everything you needed to know about everything could be explained by math.

I knew that was bullshit way back then.

Posted by M. Murcek 2022-12-23 13:58|| 2022-12-23 13:58|| Front Page Top

#7 She’ll be preparing the guard’s taxes.

Posted by Super Hose 2022-12-23 16:49|| 2022-12-23 16:49|| Front Page Top

#8 He said everything you needed to know about everything could be explained by math.

Translate that as everything he thought worth thinking about, which isn’t even on the same planet as everything. Ditto for science, which only addresses the physically testable.

Posted by trailing wife 2022-12-23 21:42|| 2022-12-23 21:42|| Front Page Top

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