WASHINGTON, Dec 22,2022: Federal prosecutors on Wednesday said they have charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX) with defrauding investors in the crypto trading platform.
U.S. Attorney Damian Williams said in a video statement that both Wang and Ellison have pleaded guilty to the charges and have agreed to cooperate with prosecutors. He said that Sam Bankman-Fried, founder of FTX, is now in FBI custody and is on his way to the United States.
The U.S. Securities and Exchange Commission (SEC) said in a separate statement that it has also charged Ellison and Gary Wang for their roles in a multiyear scheme to defraud equity investors of FTX.
