Corrupt FTX Crypto Bro Takes Another Massive L

Ex-Alameda CEO Caroline Ellison and FTX cofounder Gary Wang plead guilty to fraud charges and are cooperating with authorities. Cenk Uygur and Rayyvana discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.businessinsider.com/caroline-ellison-faces-110-years-in-prison-after-guilty-plea-2022-12

"Caroline Ellison, the former CEO of Alameda Research, pleaded guilty to charges that carry up to 110 years in prison after striking a plea deal with the Justice Department.

It's not likely that she will serve anywhere near the statutory maximum for the charges she pleaded guilty to because of the plea agreement she struck with prosecutors in the Southern District of New York, dated December 18.

Ellison faces seven charges that collectively carry a maximum prison sentence of 110 years. These include conspiracy to commit wire fraud, securities fraud, and commodities fraud. She also faces a charge of conspiracy to commit money laundering."

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