https://www.regulation.com/2024/09/24/former-ftx-executive-caroline-ellison-sentenced-to-two-years-in-prison-11-billion-forfeiture-for-fraud/
Caroline Ellison, former chief government officer of Alameda Analysis LLC, heart, exits courtroom in New York, US, on Tuesday, Sept. 24, 2024. Ellison was sentenced to 24 months in jail and ordered to forfeit $11 billion by a federal choose for her function within the FTX collapse, regardless of serving to prosecutors within the conviction of Sam Bankman-Fried, her former boss and boyfriend. Photograph: Michael Nagle/BloombergDistrict Decide Lewis Kaplan mentioned Ellison’s cooperation was substantial, however couldn’t be a literal “get out of jail free card” given the dimensions of the fraud.
September 24, 2024 at 06:55 PM
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What You Have to Know
- Former Alameda Analysis CEO Caroline Ellison was sentenced to 2 years in jail and $11 billion in forfeiture for her function within the FTX fraud case.
- Although U.S. District Decide Lewis Kaplan of the Southern District of New York referred to as her cooperation
A federal choose in Manhattan on Tuesday sentenced former Alameda Analysis CEO Caroline Ellison to 2 years in jail and $11 billion in forfeiture for her function in one of many largest recognized monetary frauds.
U.S. District Decide Lewis Kaplan of the Southern District of New York referred to as Ellison’s cooperation with prosecutors towards fallen FTX founder and ex-boyfriend Sam Bankman-Fried “very substantial.”
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