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  • Sam Bankman-Fried Released On $250 Million Bail As FTX Fraud Case Continues

Sam Bankman-Fried Released On $250 Million Bail As FTX Fraud Case Continues

CAROLINE ELLISON, 28, is charged with and pleaded guilty to two counts of conspiracy to commit wire fraud, each carrying a maximum sentence of 20 years in prison; two counts of wire fraud, each carrying a maximum sentence of 20 years in prison; one count of conspiracy to commit commodity fraud, carrying a maximum penalty of five years in prison; one count of conspiracy to commit securities fraud, carrying a maximum sentence of five years in prison; and one charge of conspiracy to commit money laundering, which carries a maximum penalty of 20 years in prison.

GARY WANG, 29, is charged with and pleaded guilty to one count of conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison; one count of wire fraud, which carries a maximum penalty of 20 years in prison; one count of conspiracy to commit commodity fraud, carrying a maximum penalty of five years in prison; and one charge of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison.

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