Court documents show that Caroline Ellison, who is dating Sam Bankman-Fried, and another co-founder of FTX, pleaded guilty to criminal fraud charges related to the collapse of the billion-dollar FTX cryptocurrency exchange.
The report came out on Friday, after Bankman-Fried was sent from the Bahamas to the United States to face charges, including wire fraud and money laundering.
When Bankman-Fried helped start the huge cryptocurrency exchange FTX, many people called him a genius. He hid what he did by saying he was making billions of dollars so he could give a lot of it to charity.
Ellison was the CEO of a hedge fund called Alameda Research, which was privately run. Bankman-Fried is accused of moving billions of dollars from FTX to Alameda illegally and without telling his investors. She pleaded guilty to seven counts, including conspiracy to commit commodities fraud, securities fraud, and money laundering.
For the seven charges, Ellison could get up to 110 years in prison.
https://twitter.com/GRDecter/status/1605753298169974784?s=20&t=t4wAUN4g-cVl7k7uxdo9VQ
VISIT OUR YOUTUBE CHANNELGary Wang, one of the people who started FTX, pleaded guilty to four charges, including conspiracy to commit wire fraud and conspiracy to commit commodities fraud. He faces up to 50 years in prison if he is found guilty of all four charges.
Tom Brady, a famous NFL quarterback, is being sued by an investor for promoting the FTX exchange in commercials. Brady is one of many famous people who have been caught up in the FTX collapse. Forget the fact that I like Tom Brady. There is no way that I believe he knew what was going on with FTX.
At one point, it was thought that Bankman-Fried was worth $16 billion. He is likely to go to court for the first time on Thursday.
Bankman-Fried told the New York Times that he never meant to trick anyone, but he did say that mistakes were made.
I don’t think any lies he tells are going to save him from his fate. He crossed Democrats and he crossed many wealthy people who act like Democrats and he will likely be sent to the same prison that Ghislaine Maxwell is living. This is what happens to you when you have outlived your usefulness to the Democrats.
Bankman-Fried said, “Whatever happened, why it happened, I had a duty to our stakeholders, our customers, our investors, the regulators of the world, to do right by them,” “Clearly I didn’t do a good job of that.”
Yeah, right. He got caught and now he’ll say anything to save his own hide. He better hire a food taster because there are allegedly many Democrats and rich people who were involved in the scam. He finds himself in the same predicament as Jeffrey Epstein, and we all know what happened to him.
