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Sam Bankman-Fried’s college friend and FTX co-founder Gary Wang is asking a federal judge to spare him from a prison sentence a few days after FTX executive Nishad Singh was given no prison time. FTX co-founder Gary Wang is pleading with the federal judge to grant him no jail time, the same sentence that was given to FTX’s former engineering chief, Nishad Singh during his sentencing. In a memo addressed to the Manhattan federal court, Wang’s attorney, Ilan Graff, argued that giving Wang a prison sentence after sparing Singh would “create an unwarranted sentencing disparity.” Graff claimed that Wang’s involvement in the fraud was much less direct compared to the other FTX execs who have testified against former FTX CEO Sam Bankman-Fried on trial, namely former Alameda Chief Executive Officer Caroline Ellison and former FTX engineering executive Nishad Singh. “Gary was unaware of the scheme when it started, never informed of its particulars, and unlike Bankman-Fried, Ellison, and Singh, never once took an affirmative step to deceive anyone,” Graff wrote. Like Ellison and Singh, Wang also testified against his long-time friend, Sam Bankman-Fried. During trial, he told the jury he was instructed to alter FTX’s code so that Alameda Research could access customer funds. Graff also stated in the memo that Wang was expecting the birth of his son just a few days after his scheduled sentencing on Nov. 20. According to the memo, Wang has been working at an imaging technology company since February 2023 and currently wants to be “a good husband and father and continue his work with the Government and other stakeholders to facilitate FTX victims’ recovery and mitigate the risk of future frauds.” In his memo, Wang claimed he was unaware of the crimes happening behind the scenes and found out about them “after it…

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Filed under: News - @ November 7, 2024 8:20 am