Caroline Ellison sentenced to two years in prison for FTX fraud | TechCrunch

caroline-ellison-sentenced-to-two-years-in-prison-for-ftx-fraud-|-techcrunch

Caroline Ellison, the former CEO of FTX affiliate Alameda Research, was sentenced to two years in prison on Tuesday.

Ellison pled guilty to conspiring with FTX’s Sam Bankman-Fried to steal $8 billion worth of customers’ funds, but she was an exceedingly cooperative witness, helping law enforcement to investigate the massive fraud scheme. Her two-year sentence stands in stark contrast to Bankman-Fried’s 25-year sentence.

Though he is currently in prison, Bankman-Fried has continued to appeal his sentence. Unlike Ellison, the former FTX founder pled not guilty. Two other former FTX executives, Gary Wang and Nishad Singh, await sentencing.

Source: Techcrunch

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