FTX’s top lieutenants ‘will likely’ be sentenced after Sam Bankman-Fried: Bloomberg
Sam Bankman-Fried, the founder of FTX, has been found guilty on all seven counts in his fraud trial. According to experts, it is likely that his top allies, Caroline Ellison, Gary Wang, and Nishad Singh, will also be sentence d. However, they will likely get little or no prison time. Criminal defense lawyers and financial brokers interviewed by Bloomberg suggest that the trio might serve their sentence at a minimum security camp holding only non-violent offenders. Chris Rice, a partner with Riviera Partners, an executive recruiting firm, said the trial will damage the trio’s reputation no matter what the outcome will be: “I don’t think that they’re going to be able to operate at the same level within an organization as they had in the past.” You might also like: Can FTX make a comeback after Bankman-Fried’s trial? According to Bloomberg, the three individuals who were found guilty of fraud charges may face ot...