Ex-Bankman-Fried Ally Gary Wang Avoids Prison Over FTX Fraud
- Wang sentenced to time served after cooperating with DOJ
- Exchange co-founder had gone to MIT, math camp with SBF
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FTX co-founder Gary Wang has been spared from prison over his role in the multibillion dollar fraud at the cryptocurrency exchange after prosecutors praised his early cooperation in the case.
Wang, whose assistance helped convict the orchestrator of the fraud, Sam Bankman-Fried, was sentenced to time served Wednesday by US District Judge Lewis A. Kaplan in Manhattan.