The former Alameda CEO faces up to 110 years in prison and FTX Alliance faces up to 50 years in prison

BlockBeats, December 22, ABC NEWS reported that according to newly unsealed court documents, Caroline Ellison, former CEO of Alameda Research, pleaded guilty to conspiracy to commit wire fraud against FTX customers, wire fraud against FTX customers, conspiracy to commit wire fraud against Alameda Research lenders, and conspiracy to commit wire fraud against Alameda Wire fraud by the Research lender, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering, seven counts that carry a combined maximum penalty of 110 years in prison; FTX co-founder Gary Wang faces up to 50 years in prison after pleading guilty to conspiracy to commit wire fraud against FTX customers, wire fraud against FTX customers, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. BlockBeats previously reported that the US attorney for the Southern District of New York said late Wednesday local time that Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder and former chief technology officer of FTX, had pleaded guilty to federal charges, And cooperating with police in a federal criminal case against SBF.