Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges

Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang person pleaded blameworthy to national fraud charges and are cooperating with prosecutors arsenic portion of the transgression lawsuit against the erstwhile CEO of FTX, Sam Bankman-Fried.

United States Attorney for the Southern District of New York (SDNY), Damian Williams made the announcement connected Dec. 22, emphasizing that the latest large improvement is improbable to beryllium the last.

"As I said past week, this probe is ongoing and moving precise quickly. I besides said past week's announcement would not beryllium our past and fto maine beryllium wide erstwhile again, neither is today's," helium said, adding that:

I'm announcing that SDNY has filed charges against Caroline Ellison [...] and Gary Wang [...] successful transportation with their roles successful the frauds that contributed to FTX's collapse. Both Ms. Ellison and Mr. Wang person plead blameworthy to those charges and some are cooperating with the SDNY. 

Williams besides confirmed that SBF is present successful the custody of the Federal Bureau of Investigation (FBI) and is "on his mode backmost to the United States" wherever helium volition beryllium transported straight to the Southern District of New York to look earlier a justice "as soon arsenic possible."

Statement of U.S. Attorney Damian Williams connected U.S. v. Samuel Bankman-Fried, Caroline Ellison, and Gary Wang pic.twitter.com/u1y4cs3Koz

— US Attorney SDNY (@SDNYnews) December 22, 2022

Williams besides utilized the connection to nonstop a stark informing to anyone that whitethorn person participated successful misconduct astatine FTX oregon Alameda:

"Now is the clip to get up of it. We are moving rapidly and our patience is not eternal."

This is simply a processing communicative and much accusation volition beryllium added arsenic it becomes available.