Gary Wang Sentenced for Fraud
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fifth former FTX executiveCNBC
•FTX co-founder Gary Wang avoids prison time for role in crypto fraud
76% Informative
Gary Wang , co-founder and ex-technology chief of FTX , was sentenced Wednesday to time served and three years of supervised release on each of the four criminal counts he pled guilty to.
Wang was seeking leniency citing his nearly immediate cooperation with the government.
In March , Sam Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion .
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