FTX co-founder Gary Wang avoids prison time for role in crypto fraud
Headline from NBC 5 Dallas-Fort Worth
Gary Wang was the fifth former FTX executive to be handed a punishment for his role in the collapse of the crypto exchange in late 2022.
NBC 5 Dallas-Fort Worth's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
NEW YORK (AP) — An apologetic FTX co-founder was sentenced Wednesday to no time in prison after a prosecutor and a federal judge praised his cooperation
Gary Wang, FTX's former chief technology officer, was the first co-conspirator to reach a plea deal to assist the federal investigation against Sam Bankman-Fried.
NEW YORK (AP) — An apologetic FTX co-founder was sentenced Wednesday to no time in prison after a prosecutor and a federal judge praised his cooperation against Sam Bankman-Fried and his efforts to recover money for victims of the cryptocurrency fraud.