Former cryptocurrency executive Caroline Ellison has been sentenced to two years in jail for her role in her imprisoned ex-boyfriend Sam Bankman-Fried's theft of $US8 billion ($12.3 billion) in customer funds from the now-bankrupt FTX exchange he founded.
Former crypto hedge fund Alameda Research CEO Caroline Ellison has been sentenced to two years in jail. Caroline Ellison has been sentenced to two years in jail for her involvement in her ex-boyfriend Sam Bankman-Fried 's theft of $US8 billion in customer funds.Lawyers argued against jail time due to her "extraordinary" cooperation with prosecutors and role as star witness in Bankman-Fried's case.
The 29-year-old pleaded guilty to seven felony counts of fraud and conspiracy and testified as a prosecution witness in the trial of Bankman-Fried, who was convicted of seven fraud and conspiracy counts and isThe crimes to which she pleaded guilty carried a maximum sentence of 110 years in prison. Judge Kaplan added that he had seen "a lot of cooperators in 30 years here " but had "never seen one quite like ."Reuters: Jane Rosenberg"I don't remember a single time when she was caught with the slightest error of fact, the slightest inconsistency.""Not a day goes by when I don't think about all the people I hurt," said Ellison, a Stanford University graduate whose parents and two sisters were present in court.
"Ignoring that voice in my head and speaking out would have been brave," Ellison said, beginning to choke up and sniffle.Ellison's lawyers argued against prison time for 'honesty and openness', 'thrilling' relationship with Bankman-Fried "I cannot overstate the importance of Ms Ellison's testimony in convicting Sam Bankman-Fried," prosecutor Sassoon said.
Caroline Ellison FTX Crypto Fraud New York Trial Court Hearing
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Caroline Ellison to be sentenced after serving as star witness against FTX’s Sam Bankman-FriedEx-Alameda CEO and ex-girlfriend of fallen crypto mogul pleaded guilty, but prosecutors signalled lenient sentence
Read more »
‘Greatest financial fraud ever’: Sam Bankman Fried’s former girlfriend sentenced to jail over her role in FTX collapseThe judge told Caroline Ellison that it was clear that Bankman-Fried had become “your kryptonite.”
Read more »
‘Lived in dread’: Caroline was the star witness in one of the biggest fraud cases in US historyCaroline Ellison is the former girlfriend of crypto wunderkind Sam Bankman-Fried who helped prosecutors unearth crimes they didn’t know about at FTX. Now she is pleading to be spared from spending a single day in prison.
Read more »
‘Lived in dread’: Caroline was the star witness in one of the biggest fraud cases in US historyCaroline Ellison is the former girlfriend of crypto wunderkind Sam Bankman-Fried who helped prosecutors unearth crimes they didn’t know about at FTX. Now she is pleading to be spared from spending a single day in prison.
Read more »
‘Lived in dread’: Caroline was the star witness in one of the biggest fraud cases in US historyCaroline Ellison is the former girlfriend of crypto wunderkind Sam Bankman-Fried who helped prosecutors unearth crimes they didn’t know about at FTX. Now she is pleading to be spared from spending a single day in prison.
Read more »
Caroline Garcia hits out at ‘unhealthy betting’ after social media abuseFrance’s Caroline Garcia was targeted after her first-round US Open defeat and went on to say: ‘Betting companies actively destroy some people’
Read more »