Did Caroline Ellison and Gary Wang plead guilty to fraud?

The revelation that Caroline Ellison and Gary Wang had pleaded guilty to fraud and were working with federal officials probing the collapse of the crypto exchange is an ominous sign for Bankman-Fried. The 30-year-old is facing an eight-count indictment in New York.

Who is Caroline Ellison?

Alameda then used the money for trading, as well as to make personal loans to Bankman-Fried and others. Caroline Ellison, 28, former chief executive of Alameda Research (right), and Gary Wang, 29, cofounder and chief technology officer of FTX, are cooperating in the criminal case building against their former crypto leader.

Who are FTX executives pleaded guilty to?

Two senior executives associated with collapsed crypto exchange FTX have pleaded guilty to multiple criminal charges and are cooperating with federal prosecutors, according to unsealed court records. Additionally, the pair face civil fraud charges from the Securities and Exchange Commission that were announced Wednesday night.

Did Caroline Ellison want to make a difference?

Caroline Ellison wanted to make a difference. Now she’s facing prison. ‘Crypto winter’ has come. And it’s looking more like an ice age. Manhattan U.S. Attorney Damian Williams said Dec. 21 that Caroline Ellison and Gary Wang, associates of Sam Bankman-Fried, pleaded guilty to fraud charges. (Video: The Washington Post)