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Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
11–20 of 338 posts
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#12Hope both of them spend some time in prison too. It would be pretty insane if don't go to prison as part of a plea deal (where they testify against SBF or something).
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#13Earlier quoted context omitted.
I think that goes against HN rules.
I think “This is a hilarious turn of events” could be a useful start of a thoughtful conversation about the events surrounding the FTX collapse. I do not think reiterating one’s interpretation of rules that everyone already knows is particularly useful or on topic.
This is pretty much the exact outcome one would expect, no?
The only question I have is if/when Sam Trabucco gets charged… he’s managed to stay in the shadows much better than his colleagues.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#14The prisoner's dilemma strikes again.
Rats!
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#15Curious to see if they also strike a deal with Nishad Singh. He was the director of engineering at FTX that supposedly authored the code that exempted Alameda from liquidation.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#16Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#17Earlier quoted context omitted.
I think “This is a hilarious turn of events” could be a useful start of a thoughtful conversation about the events surrounding the FTX collapse. I do not think reiterating one’s interpretation of rules that everyone already knows is particularly useful or on topic.
This is pretty much the exact outcome one would expect, no? The only question I have is if/when Sam Trabucco gets charged… he’s managed to stay in the shadows much better than his colleagues.
The speed at which it happened is the funniest part for me.
The fact that SBF has been doing a nonstop tour of “I couldn’t have done fraud because I’m just too darn stupid. I didn’t know what was happening because I’m a dullard, a dunce, a fool of incomparable naïveté!” makes this incredibly funny.
Dude tried so hard to throw his polycule mate under the bus, but it doesn’t look like that was the best strategy.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#18SEC Complaint with more details. https://www.sec.gov/news/press-release/2022-234 I have read more SEC complaints this year than in all of my previous years combined. —- Edit 1 Caroline’s guilty plea: https://www.documentcloud.org/documents/23495436-crypto-coop...
110 years! I wonder how many she'll get out of that for being the first out of the woodwork.
The "maximum" sentence here isn't even a theoretical maximum; it's just what happens if you take the statutory limit on what could be sentenced in the worst possible combination of circumstances, and it assumes that charges don't group or get served concurrently. It's annoying that they cite this number at all, because it simply has no bearing as to how things get sentenced in reality.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#19Nothing here happened on a blockchain. If it had there wouldn't have been problems. This is a typical finance market scam.
Re: Caroline Ellison and Gary Wang are cooperating in the criminal case against SBF
#20SEC Complaint with more details. https://www.sec.gov/news/press-release/2022-234 I have read more SEC complaints this year than in all of my previous years combined. —- Edit 1 Caroline’s guilty plea: https://www.documentcloud.org/documents/23495436-crypto-coop...
Actual complaint / PDF: https://www.sec.gov/litigation/complaints/2022/comp-pr2022-2...