FTX co-founder Wang avoids prison after assisting in Bankman-Fried case

Quick Summary:

In short remarks to the court before his sentence was handed down, Wang said: “I am deeply sorry to all the people who were hurt by my actions”.

Prosecutor Nick Roos said in court on Wednesday that there were looming indictments by the US attorney’s office that had been investigated using Wang’s tool.

Bankman-Fried was found guilty of fraud and money laundering and sentenced to 25 years in prison.

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Article Details

Author / Journalist: Joe Miller

Category: MarketsFinanceInvesting

Markets: United StatesBahamasChina

Topics: Sentenced 2022 Financial Prison Prosecutors Wednesday Wang Time Fraud Exchange’s Bankman-fried

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 16:29:35 (3 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23722131

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 3 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 20 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #3

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