2 weeks ago
FTX erstwhile Chief Technology Officer Gary Wang has requested leniency from the justice up of his Nov. 20 sentencing, highlighting his practice with instrumentality enforcement and his grounds against Sam Bankman-Fried, according to Nov. 6 sentencing memo.
According to the filing:
“Gary is profoundly remorseful and has taken bonzer steps to assistance the Government and others moving connected behalf of FTX victims. For these reasons and those acceptable distant below, we respectfully petition that the Court enforce a time-served sentence.”
Wang’s constricted knowledge
Wang’s ineligible squad urged the tribunal to see a non-custodial sentence, noting that helium had constricted consciousness of the transgression activities nether investigation.
They further claimed that helium lone learned of the strategy erstwhile it was already successful progress. His lawyers besides emphasized that helium played a insignificant relation successful the discourtesy and was the archetypal among the witnesses to cooperate fully.
Moreover, the lawyers noted Wang did not person important bonuses and earned importantly little from FTX and Alameda Research, dissimilar immoderate of his peers. They besides argued that imposing a situation word would make an unnecessary disparity, failing to bespeak his little level of guilt and his practice with the authorities.
The lawyers concluded:
“Gary is simply a quiescent young man. But his actions since FTX’s illness person spoken volumes astir the extent of his remorse and the spot of his character. Gary wants thing much than to beryllium a bully hubby and begetter and proceed his enactment with the Government and different stakeholders to facilitate FTX victims’ betterment and mitigate the hazard of aboriginal frauds.”
Wang is 1 of 3 FTX executives who pleaded blameworthy and testified against Bankman-Fried during his proceedings past year. His grounds was important to Bankman-Fried’s condemnation and consequent 25-year situation sentence.
During the trial, Wang explained that Bankman-Fried had instructed him to modify FTX’s code, allowing Alameda Research entree to lawsuit funds. This alteration enabled Alameda to usage these funds, which became cardinal to the fraud allegations.
Wang besides testified that erstwhile helium questioned Bankman-Fried astir Alameda’s entree to lawsuit funds, helium was assured determination was capable collateral to screen the withdrawals—an assurance that aboriginal proved false.
The station FTX’s erstwhile CTO pleads for non-custodial sentence, cites assistance successful Bankman-Fried’s conviction appeared archetypal connected CryptoSlate.
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