Caroline Ellison sentenced to two years after serving as star witness against FTX’s Sam Bankman-Fried
Ex-Alameda CEO and ex-girlfriend of fallen crypto mogul pleaded guilty, but prosecutors signalled lenient sentence
Caroline Ellison, the former crypto executive and romantic partner of the disgraced FTX founder Sam Bankman-Fried, was sentenced to 24 months in prison in Manhattan federal court on Tuesday. Ellison was a central figure in the FTX bankruptcy saga and key witness for the prosecution in the $8bn fraud trial that ended with Bankman-Fried’s conviction.
Ellison served as the CEO of Alameda Research, which was the trading arm of the now defunct FTX crypto exchange. The collapse of FTX, once valued at $32bn, was directly linked to revelations that it was attempting to financially prop up Alameda with fraudulent accounting. Subsequent investigations and criminal charges found that both FTX and the hedge fund had used billions in customer funds for risky trades and lavish personal spending.
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NBC News - Top stories
Caroline Ellison, former FTX exec and Sam Bankman-Fried's ex-girlfriend, sentenced to 2 years in prison
Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and ...2 hours ago - Crypto -
The New York Times - Business
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Fraud
A top adviser to Sam Bankman-Fried, the disgraced founder of FTX, Ms. Ellison pleaded guilty to conspiring with him to steal $8 billion and became a crucial witness for the prosecution.1 hour ago -
Wired - Tech
FTX Insider Caroline Ellison Sentenced to Two Years in Prison
The former chief executive of Alameda Research, the trading company that acted as the vehicle for the multibillion-dollar fraud at crypto exchange FTX, has been given a two-year prison sentence ...1 hour ago -
BBC News - Top stories
Caroline Ellison sentenced to 2 years for role in FTX crypto fraud
Ellison testified as a star witness against her ex-boyfriend and FTX's founder, Sam Bankman-Fried.22 minutes ago - Crypto -
ABC News - Top stories
Caroline Ellison, key witness in FTX trial, urges leniency ahead of sentencing
The former crypto executive said she deserves no prison time for her role in one of the largest financial frauds in history.22 hours ago -
ABC News - Tech
Former FTX cryptocurrency executive Caroline Ellison is sentenced to two years in prison for fraud
Former FTX cryptocurrency executive Caroline Ellison is sentenced to two years in prison for fraud2 hours ago - Crypto -
Financial Times - Business
Caroline Ellison gets 2-year prison sentence for FTX fraud
Sam Bankman-Fried’s former associate and girlfriend had co-operated with prosecutors since pleading guilty1 hour ago - Crypto
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