SBF Associates Plead Guilty to Fraud Charges

Meanwhile, two of Bank Gottfried's top executives have now pled guilty to multiple counts of conspiracy and fraud in that crypto scheme. Gary wang, the former co founder of F. T. X, and Caroline Ellison, the Ceo of the hedge fund and also Bank Manfred's girlfriend. They're not cooperating with prosecutors weighing, agreed to play guilty to four counts, including wire fraud. Ellison pleading guilty to seven counts, including money laundering. The sec and the CFTC also sued Ellison and wang. They alleged they committed civil securities and commodities fraud, both agreeing to set up and accept liability with fines to be decided sometime later in the future.