Latest Lewis A. Kaplan News

FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried

Nov. 20, 2024 11:50 AM EST

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. Gary Wang testified for parts...

Ex-FTX executive spared prison sentence after cooperating against Sam Bankman-Fried

Oct. 30, 2024 18:51 PM EDT

NEW YORK (AP) — An ex-FTX executive who testified against the cryptocurrency firm’s founder at his trial last year was spared a prison sentence Wednesday by a federal judge who credited his substantial cooperation and late arrival in the multibillion dollar fraud. Nishad Singh,...

Tearful Caroline Ellison gets 2 years in prison over her role in FTX fraud

Sep. 24, 2024 19:14 PM EDT

NEW YORK (AP) — Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, was sentenced to two years in prison on Tuesday after she apologized to everyone hurt by a fraud that stole billions of dollars from investors, lenders and customers. ...