NewsEnglish • 1 day ago

Caroline Ellison, who helped convict Sam Bankman-Fried, sentenced to two years for FTX crypto fraud

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Caroline Ellison, who helped convict Sam Bankman-Fried, sentenced to two years for FTX crypto fraud

NewsEnglish • 1 day ago

cross-posted to:
[email protected]

Ellison testified as a star witness against her ex-boyfriend and FTX's founder, Sam Bankman-Fried.

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.

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-1•6 hours ago
Did I read it right that he got 25 years, and she got 110? And the 110 was a reduction after testifying against him?
- @mos
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  English
  1•4 hours ago
  “She had faced a maximum sentence… of 110 years in prison.” She got 2, but the max would have been 110.
- @RestrictedAccount
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  1•6 hours ago
  She got 2 according to the headline

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