The 29-year-old former girlfriend to FTX founder Sam Bankman-Fried was sentenced to two years in prison on Tuesday for her part in the massive cryptocurrency Ponzi scheme.
‘I’ve seen a lot of cooperators in 30 years here. I’ve never seen one quite like Ms. Ellison.’
Caroline Ellison had been the CEO of Alameda Research, a privately-controlled hedge fund that Bankman-Fried had been improperly funneling money into from the massive FTX cryptocurrency exchange. In Dec. 2022, Ellison pleaded guilty to seven counts related to the scheme, including conspiracy to commit commodities fraud and conspiracy to commit securities fraud.
Although she faced up to 110 years in prison for the seven charges, a judge in New York gave her a shortened sentence due to her “very, very substantial” cooperation with the government’s case against her former boyfriend and other FTX executives. […]
— Read More: www.theblaze.com
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