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- cross-posted to:
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Caroline Ellison has been sentenced to two years in jail for her role in the collapse of the cryptocurrency exchange FTX, which has been described as one of biggest financial frauds in US history.
Ellison was a top executive at the firm and is also the ex-girlfriend of its founder, Sam Bankman-Fried, who was sentenced to 25 years in prison for stealing $8bn (£6.3bn) from customers.
As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried.
but she also spilled beans on SBF, that’s why she’s got only 2 years and not 25 like SBF despite being equally deep in the fraud
Not equally deep:
Her sentence was lower because she 1. regretted it and 2. didn’t profit from the fraud according to the judge
“She was also ordered to forfeit more than $11bn (£8.2bn) to the court.”
That sounds like profit to me. It was the cooperation with the court that really did it.
on top of these 11 billion dollars recovered, meaning that these were stolen, she also lived rent free in whatever bahamas mansion was bought with sbf’s money, with all their ranked competitive polycule roommates
it’s 100% cooperation with the court that cut down sentence that hard