Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies

Wang, the fourth see called by the U.S. Department of Justice in Bankman-Fried’s trial, said he committed wire fraud, securities fraud and commodities double-dealing alongside Bankman-Fried and Caroline Ellison, who ran Bankman-Fried’s Alameda Research hedge fund, and former FTX executive Nishad Singh. (Wang, Ellison and Singh all pleaded rueful to charges shortly after Bankman-Fried was arrested.)