Caroline pleaded guilty to the following 7 criminal charges: Conspiracy to commit wire fraud on customers of FTX Wire fraud on customers of FTX Conspiracy to commit wire fraud on lenders of Alameda Research Wire fraud on lenders of Alameda Research Conspiracy to commit commodities fraud Conspiracy to commit securities fraud Conspiracy to commit money laundering. She faces a maximum of 110 years in prison! Gary Wang pleaded guilty to: Conspiracy to commit wire fraud on customers of FTX Wire fraud on customers of FTX Conspiracy to commit commodities fraud Conspiracy to commit securities fraud. He faces a maximum of 50 years in prison.
just a hunch but i assume because of coercion.. i mean "cooperation" she wont spend more than 6 months in cupcake prison.
If neither didn't loot the company taking big bonuses, then they will get off lightly. But i'm guessing they did.
That means they don't have to worry about food and lodging and medical care for the rest of their life. Are they going to have total freedom ?!?!?!?!?!?! They might end up being the happiest people on earth. Throwing them into prison might not be a good idea. Who knows, they might be offered parole and live billionaires' lives. That's why in ancient (and some modern) worlds, they hang you upside down day & night, pull all your nails, disfigure your genital, submerge you underwater repeatedly, stretch your body torturously, pump tons of water into your mouth, mutilate your body, nail you to the cross, and those things. @FortuneTeller, the hypocritical Christian who sprew venom continuously, should be subjected to such treatment.
I do not think it will be 6 months, more likely 5-10 years due to cooperation of course. Smart move on her part.
perhaps, i just felt like the plead came so fast it must have been a sweet deal or promise light sentence recommendation to a judge
We are talking about Ellison. SBF could get 20-30... Unless he has something to offer, and that is a big if. If he could rat on Binance or tether. Apparently they had a Discord chatroom called Exchange {something} where CZ, Kraken and other leaders talked about who knows what.
he better have something big. Otherwise it will not be “light” 20 years. He will get life sentence aka 100 years. Look at Madoff and Stanford.