TL; DR
-
From what we learned, Caroline, Nishad and Gary are all hoping to avoid jail time in exchange for their cooperation.
-
The problem is: Together with Sam, they are jointly responsible for as much as $10 billion in losses… and the usual sentencing recommendations are up to $550 million, so prison time could be on the cards.
Full story
So Sam Bankman-Fried has been found guilty of all charges and will likely spend many years in federal prison.
…but what will happen to the people who helped get him there?
In particular, his co-conspirators-turned-informants: Caroline Ellison, Nishad Singh and Gary Wang?
They provided crucial evidence for the prosecution… but they also pleaded guilty to the charges against them, each facing between 50 and 110 years in prison.
In exchange for their cooperation, the prosecutors agreed to file five thousand motions on their behalf.
They are a kind of letters that say:
‘Look. They did something bad, but they all did their best to right some of their mistakes, so take it easy, okay?’
From what we learned, Caroline, Nishad and Gary are all hoping to avoid jail time in exchange for their cooperation.
The problem is: Together with Sam, they are jointly responsible for as much as $10 billion in losses… and the usual sentencing recommendations are up to $550 million.
Prison could therefore be at stake for them.
