FTX CTO Gary Wang avoids prison time

Not every former top FTX executive is heading to prison.

Gary Wang, former FTX chief technical officer, was spared prison time by U.S. District Judge Lewis Kaplan today. Judge Kaplan praised Wang’s cooperation with federal authorities. Wang testified against former FTX founder and CEO Sam Bankman-Fried at his trial last fall.

Wang pleaded guilty to four felony counts of fraud and conspiracy.

Former FTX CEO Bankman-Fried was sentenced to 25 years in prison last year, a sentence he filed to appeal in September. Caroline Ellison, the former CEO of FTX-affiliated Alameda Research, was sentenced to two years in prison in September.

FTX and Alameda both filed for Chapter 11 bankruptcy in November 2022 following a run on FTX’s assets by investors and revelations of fraudulent activity at the company.

Source

In, Arbogast appeared on the French version of the popular reality series The Voice, and though he was eliminated early, his evocative performances enchanted the French public, who helped push his Odysseus LP into the number one slot. The big decision to de-stack cities, spreading them across several tiles with separate zones for different building types, was an inspired one, forcing you to be more tactical about city placement. A reduced percentage of patients respond to these antitumor agents due to the advanced stage of the tumor when it is diagnosticated and due to the appearance of resistances.

Must Read