Gary

Coin

<ul class="wp-block-list news-points">
 <li>FTX co-founder Gary Wang requests a non-custodial sentence in the fraud case.</li>
 <li>The lawyer cited Wang’s cooperation in Sam Bankman-Fried’s fraud trial.</li>
 <li>Wang argued that his role in the scheme was less direct compared to others involved.</li>
</ul>
FTX co-founder Gary Wang has asked a federal judge to excuse him from prison sentence, citing his cooperation in the Sam Bankman-Fried’s fraud trial. In a sentencing memo submitted by his lawyer Ilan Graff, he argues that Wang <a href="https://www.bloomberg.com/news/articles/2024-11-06/ftx-co-founder-gary-wang-asks-judge-for-no-prison-time?utm_source=telegram&amp;utm_content=crypto&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">deserves a non-custodial sentence</a> due to his cooperation with the authorities and a relatively minor role in the offense.
Wang co-founded FTX with Bankman-Fried, who is now serving a 25-year prison sentence at the Metropolitan Detention Center in Brooklyn. After the fall of FTX in 2022, which preceded the long crypto winter, Bankman-Fried was convicted of <a href="https://coinedition.com/sam-bankman-fried-convicted-guilty-on-seven-criminal-counts/" rel="noopener noreferrer nofollow">seven charges</a>, including fraud and conspiracy. Despite requests from his family and acquaintances to reduce his punishment, the judge imposed a <a href="https://coinedition.com/sam-bankman-frieds-family-and-friends-request-for-judges-mercy/" rel="noopener noreferrer nofollow">quarter-century imprisonment</a>.
Wang pleaded guilty to fraud and conspiracy charges in a 2022 agreement with prosecutors. He was a key witness in Bankman-Fried’s trial, confessing his role in the FTX deba…
The post <a href="https://coinedition.com/gary-wang-ftx-co-founder-pleads-for-non-custodial-sentence/" rel="noopener noreferrer nofollow">Gary Wang, FTX Co-Founder, Pleads for Non-Custodial Sentence</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Gary Wang, FTX Co-Founder, Pleads for Non-Custodial Sentence

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