What's happening to the other culprits involved in the FTX collapse?

TL;DR

  • From what we’ve learnt - Caroline, Nishad, and Gary are all hoping to avoid jail time in exchange for their cooperation.

  • The problem is: alongside Sam, they’re collectively responsible for a cool $10B in losses...and common sentence recommendations max out at $550M, so jail time could be on the cards.

Full Story

So Sam Bankman-Fried has been found guilty on all charges, and will likely spend many-a-year in federal prison.

...but what’s going to happen to the people that helped put him there?

Specifically, his co-conspirators-turned-informants: Caroline Ellison, Nishad Singh, and Gary Wang?

They provided crucial evidence for the prosecution...but they also pleaded guilty to the charges laid against them, each facing between 50-110 years in prison.

In exchange for their cooperation, prosecutors agreed to send 5k motions on their behalf.

Which are kind of like letters that say:

‘Look. They did a bad thing, but each gave it their best to right some of their wrongs, so go easy on them, yeah?’

From what we’ve learnt - Caroline, Nishad, and Gary are all hoping to avoid jail time in exchange for their cooperation.

The problem is: alongside Sam, they’re collectively responsible for a cool $10B in losses...and common sentence recommendations max out at $550M.

So prison could well be on the cards for them.

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