FTX executive and co-founder Gary Wang gets no jail time for role in crypto collapse [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
Wang was sentenced to three years of unsupervised release and time served for each of the four counts he pleaded guilty to. "I've never seen anything quite like what happened here," said U.S. District Judge Lewis Kaplan, 79, of Wang's cooperation. "You're entitled to a lot of credit." Wang was the fifth and final individual to receive punishment in the FTX downfall and was ordered by Kaplan to forfeit $11 billion which was the same financial penalty given as the other related co-defendants. "I will spend the rest of my life trying to make amends," Wang said in court Wednesday in the presence of his parents and pregnant wife, who is herself an ex-FTX employee he married in 2023. Wang took the stand against former boss and FTX CEO Sam Bankman-Fried and faced a maximum penalty of 50 years in prison for the four counts he pleaded guilty to including conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. In
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HOOD
News
- Robinhood Markets, Inc. Reports January 2025 Operating DataGlobeNewswire
- Robinhood Stock Hits All-Time High as Soaring Crypto Trading Powers Q4 Profit [Yahoo! Finance]Yahoo! Finance
- Robinhood’s Strong Crypto Quarter Signals Wider Retail Adoption [Forbes]Forbes
- Robinhood, MGM Resorts, Trade Desk: Market Minute [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
HOOD
Earnings
- 2/12/25 - Beat
HOOD
Sec Filings
- 2/14/25 - Form 144
- 2/14/25 - Form SCHEDULE
- 2/13/25 - Form 144
- HOOD's page on the SEC website