Both FTX co-founder and former Alameda Research co-CEO pleaded guilty to federal charges.
Gary Wang pleaded guilty to conspiracy to commit securities, commodity, and wire fraud.
Caroline Ellison pleaded guilty to wire fraud, conspiracy to commit money laundering, and conspiracy to commit securities fraud.
Both executives are reported to be cooperating with officials.
Wang and Ellison face charges from the SEC and CFTC.
Besides Wang and Ellison, SBF faces eight federal criminal charges.
According to reports, U.S. Attorney Damian Williams yesterday confirmed that FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison both pleaded guilty to federal charges.
Statement of U.S. Attorney Damian Williams on U.S. v. Samuel Bankman-Fried, Caroline Ellison, and Gary Wang pic.twitter.com/u1y4cs3Koz
— US Attorney SDNY (@SDNYnews) December 22, 2022
As revealed, Wang pleaded guilty to conspiracy to commit securities, commodities, and wire fraud. W
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