Description
The SEC sues FTX CTO and co-founder alleging the defendants, together with Samuel Bankman-Fried, defrauded equity investors and platform customers out of billions of dollars by diverting FTX customer funds to Alameda.
Legal Significance
Accomplices to the person in control (Samuel Bankman-Fried) can be liable for the actions of the company and such control person.
Status
Settled
Case No.
1:22-cv-10794
Date Filed
December 21, 2022
Plaintiff
SEC
Defendant
Caroline EllisonZixiao "Gary" Wang
Court
USDC Southern District of New York
Plaintiff Counsel
Amy Harman BurkartDavid A'AddioLadan Fazlollahi StewartJorge Gerardo Tenreiro
Defendant Counsel
Wilmer Cutler Pickering Hale & Dorr LLPFried Frank Harris Shriver & Jacobson LLP
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