SEC Secures Consent Judgments Against FTX and Alameda Executives

TLDR: Three former FTX and Alameda executives agreed to permanent antifraud injunctions pending court approval. Ellison faces a 10-year officer-director bar while Wang and Singh each received eight-year bans. Executives allegedly diverted over $1.8 billion in customer funds through unlimited credit to Alameda. All defendants consented without admitting guilt and accepted five-year conduct-based restrictions. The [...]

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