Caroline Ellison, former CEO of Alameda Analysis, has been sentenced to 2 years in jail.
Ellison will even forfeit $11 billion
Caroline Ellison, the previous chief government officer of Alameda Analysis, has been handed a 24-month jail sentence.
Ellison, who pleaded responsible to fees associated to her function within the collapse of crypto alternate FTX and testified in opposition to Sam Bankman-Fried, will nevertheless must forfeit all that she gained from FTX. Per the courtroom ruling on Sept. 24, Ellison will forfeit $11 billion.
24 months and forfeit all of her features from FTX. Actually greater than I believed Caroline was gonna get after the glowing feedback from the Choose. pic.twitter.com/hbrWtIUOIp
— James Seyffart (@JSeyff) September 24, 2024
Regardless of the two-year sentence, Choose Lewis Kaplan praised the previous Alameda CEO for her co-operation.
“I’ve seen plenty of cooperators in 30 years. I’ve by no means seen one fairly like Ms. Ellison,” the decide famous.
Bloomberg additionally studies that the held Ellison to account for her culpability whereas on the similar time acknowledging that she was “weak” and had been exploited.
“You’re a really sturdy individual, Ms. Ellison, in some methods, however not inviolable,” Choose Kaplan mentioned.
FTX founder and CEO Sam Bankman-Fried was sentenced to 25 years in jail earlier this 12 months. SBF was discovered responsible on all counts, together with fraud. Earlier than his imprisonment, Bankman-Fried has additionally been accused of leaking Ellison’s diary.
