Sentence and Cooperation
Gary Wang, co-founder of , received no prison time after his cooperation in the case against -Fried, with Judge Kaplan and prosecutor Nicolas Roos praising his efforts to recover funds for FTX victims.
Wang's testimony, which detailed his role in FTX's fraud, was instrumental in Bankman-Fried's conviction and swift extradition, highlighting his "heroic" cooperation despite playing a minimal role in the fraud.
Legal Repercussions and Remorse
Wang was sentenced to three years of unsupervised release and time served for four counts of fraud, with Judge Kaplan acknowledging Wang's "limited culpability" and commendable cooperation.
Expressing deep remorse, Wang apologized to those affected by his actions, stating his intention to spend the rest of his life making amends and emphasizing his regret for not taking the right path during the fraud.