US EditionBankman-Fried's ex-girlfriend Ellison gets two-year sentence over crypto fraud
- Ellison stated, "I participated in a criminal conspiracy that ultimately stole billions of dollars," expressing relief for her cooperation in court.
- Bankman-Fried received a 25-year prison sentence, while prosecutors described Ellison as an "exemplary" witness, recommending a lighter sentence.
- Former Assistant U.S. Attorney Kevin J. O'Brien suggested supervised release could be a "fair sentence" due to Ellison's assistance in prosecuting Bankman-Fried.
248 Articles
248 Articles
Sam Bankman-Fried's Ex-Girlfriend Sentenced to Two Years in Prison - American Faith
Caroline Ellison, former CEO of Alameda Research and ex-girlfriend of Democrat FTX founder Sam Bankman-Fried, was sentenced to 24 months in prison for her role in defrauding investors before FTX’s collapse. She also received three years of supervision and must forfeit $7.11 billion. Although facing up to 110 years in prison, prosecutors requested leniency due to her cooperation in convicting Bankman-Fried. Ellison had pleaded guilty to multip…
Fmr. FTX exec Caroline Ellison sentenced to 2 years over crypto fraud
Caroline Ellison, a former top executive with the failed cryptocurrency firm FTX, was sentenced to two years in prison Tuesday, Sept. 24, in connection to a fraud scheme that stole $8 billion from investors and customers. The judge and prosecutors agreed to give Ellison a lighter sentence after she pleaded guilty and testified against FTX founder and her former boyfriend Sam Bankman-Fried during his trial last November. Getty Images Bankman-Fri…
FTX fraud Caroline Ellison off to jail for 2 years
Caroline Ellison, former CEO of a hedge fund tied to crooked crypto exchange FTX and former girlfriend of Sam Bankman-Fried (himself already sentenced to 25 years), is off to jail for her part in it all. Ellison will serve two years, having served as his prosecution's star witness but not quite getting so sweet a deal as the one she was hoping for. — Read the rest The post FTX fraud Caroline Ellison off to jail for 2 years appeared first on Boi…
She had been an important witness for the prosecution at the trial of the fallen cryptocurrency superstar, sentenced to twenty-five years in prison for one of the worst financial frauds in recent history.
FTX insider & Sam Bankman-Fried's partner Caroline Ellison jailed for two years, ordered to return $11 bn
During the trial, Ellison provided critical testimony against Bankman-Fried, detailing how he misused customer funds to finance risky ventures through FTX’s sister company, Alameda Research
With FTX, Sam Bankman-Fried builds one of the largest crypto exchanges in the world. Then in 2022, everything collapses. Bankman-Fried is sentenced to a long prison term for fraud, among other things. His former girlfriend also has to go to prison.
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