Former FTX executive Gary Wang spared prison time for role in crypto fraud
“Making Money” host Charles Payne reacts to Sam Bankman Freed's 25-year prison sentence. He was charged with helping steal billions of dollars from crypto customers and writing computer code for FTX founder and CEO Sam Bankman Fried, who is currently in prison. A former top FTX executive was spared a prison sentence Wednesday by a […]
FTX sues Binance for $1.8B, claims ex-CEO Zhao ‘set out to destroy’ firm
FTX's estate is seeking to recover approximately $1.8 billion related to “fraudulent” trades allegedly orchestrated by Sam Bankman Freed against rival company Binance and its former CEO Chao Changpeng. filed a lawsuit. The filing was filed Sunday in Delaware Bankruptcy Court. lawsuit It focuses on the 2021 stock buyback agreement between Bankman Freed, who is […]
SBF’s FTX lieutenant Ryan Salame adds prison stint to LinkedIn resume
A lieutenant to FTX cryptocurrency fraudster Sam Bankman Freed made a light-hearted post on LinkedIn, teasing the difficult times ahead for him on the job. Ryan Salame, former co-CEO of FTX Digital Markets, was charged with making tens of millions of dollars in illegal campaign contributions to support Bankman Fried's political machinations. He is scheduled […]
FTX to finally repay customers after bankruptcy plan gets court approval
FTX received court approval for its bankruptcy plan on Monday. This will allow it to repay its customers in full using up to $16.5 billion in assets recovered since the collapse of the once-top cryptocurrency exchange. U.S. Bankruptcy Court Judge John Dorsey approved the downsizing plan at a court hearing in Wilmington, Delaware, saying FTX's […]
Sam Bankman-Fried’s Ex-Girlfriend May Not Face Jail Time for Part in FTX Collapse
Sam Bankman Freed's ex-girlfriend, Caroline Ellison, may not face prison time despite her role in the collapse of digital currency exchange FTX. Ellison is scheduled to be sentenced Tuesday. Played He played a key role in the criminal case against disgraced former FTX founder and CEO Sam Bankman Freed. Ellison reportedly lied to investors, stole […]
Caroline Ellison sentenced to 2 years in prison over massive FTX crypto-scandal
The 29-year-old former girlfriend of FTX founder Sam Bankman Freed Sentenced She was sentenced to two years in prison on Tuesday for her role in a massive cryptocurrency Ponzi scheme. “I've seen a lot of collaborators over the last 30 years, but I've never seen anyone like Mr. Ellison.” Caroline Ellison was the CEO of […]
Top FTX exec and Sam Bankman-Fried’s ex-lover Caroline Ellison sentenced to 2 years in prison
Caroline Ellison, a former top executive in Sam Bankman Freed's collapsed cryptocurrency empire, was sentenced to two years in prison on Tuesday after a judge praised the “remarkable” incriminating testimony she gave against her ex-boyfriend at her fraud trial. The 29-year-old MIT graduate fought back tears and bowed her head slightly after Judge Lewis Kaplan […]
Former FTX executive, Sam Bankman-Fried’s ex-girlfriend Caroline Ellison faces sentencing
Caroline Ellison, a former top executive at Sam Bankman Freed's fallen cryptocurrency empire FTX, was convicted of fraud on Tuesday and could face several years in prison, but prosecutors said she should receive leniency because of her “exceptional cooperation” in investigating the company. Ellison, 29, pleaded guilty nearly two years ago and testified against Bankman-Freed […]
Sam Bankman-Fried’s ex-lover Caroline Ellison begs to stay out of jail for FTX fraud
Caroline Ellison, the ex-girlfriend of convicted crypto fraudster Sam Bankman Freed, has asked a federal judge not to send her to prison for stealing $8 billion from clients of the bankrupt FTX exchange. In a court filing just before midnight on Tuesday, Ellison's lawyers told U.S. District Judge Lewis Kaplan in Manhattan that the former […]
FTX ordered to pay $12.7M to customers, fraud victims
Now-defunct cryptocurrency exchange FTX and its sister company Alameda Research Ordered to pay $12.7 million The Commodity Futures Trading Commission (CFTC) announced the measures on Thursday to customers and victims of fraud. FTX will pay $8.7 million in damages and an additional $4 million to compensate victims of a “massive fraud scheme” orchestrated by Sam […]