• FTX co-founder Gary Wang requests a non-custodial sentence in the fraud case.
• The lawyer cited Wang’s cooperation in Sam Bankman-Fried’s fraud trial.
• Wang argued that his role in the scheme was less direct compared to others involved.

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 deserves a non-custodial sentence 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 seven charges, including fraud and conspiracy. Despite requests from his family and acquaintances to reduce his punishment, the judge imposed a quarter-century imprisonment.

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 Gary Wang, FTX Co-Founder, Pleads for Non-Custodial Sentence appeared first on Coin Edition.

• FTX co-founder Gary Wang requests a non-custodial sentence in the fraud case.
• The lawyer cited Wang’s cooperation in Sam Bankman-Fried’s fraud trial.
• Wang argued that his role in the scheme was less direct compared to others involved.

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 deserves a non-custodial sentence 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 seven charges, including fraud and conspiracy. Despite requests from his family and acquaintances to reduce his punishment, the judge imposed a quarter-century imprisonment.

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 Gary Wang, FTX Co-Founder, Pleads for Non-Custodial Sentence appeared first on Coin Edition.