Damian Williams, US attorney for the Southern District of New York, speaks during a new conference at the US Attorney’s Office-Southern District of New York (SDNY) in New York, US, on Tuesday, Dec. 13, 2022.Jeenah Moon | Bloomberg | Getty ImagesFederal prosecutors endorsed plans to allow two former Sam Bankman-Fried lieutenants, Gary Wang and Caroline Ellison, to post bail after both pleaded guilty to supporting a multibillion-dollar fraud allegedly perpetrated by former FTX CEO Bankman-Fried, court documents show.Gary Wang was the chief technology officer of FTX. Caroline Ellison was the co-CEO of Alameda Research, Bankman-Fried’s cryptocurrency trading firm.Wang and Ellison would be required to post $250,000 in bail each, surrender their passports and restrict their travel to the continental United States.In return, the pair conceded their role in supporting an $8 billion fraud that left millions of customers without their investments and destabilized the crypto industry.Prosecutors won’t object to the bail conditions, but it’s un …
