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 CEO of Alameda Analysis, has been handed a 24-month jail sentence.
Ellison pleaded responsible to costs associated to her function within the collapse of crypto trade FTX and testified towards Sam Bankman-Fried, her former boss and boyfriend. She will even must forfeit all that she gained from FTX.
Per the courtroom ruling on September 24, Ellison will lose $11 billion.
24 months and forfeit all of her features from FTX. Truthfully greater than I assumed Caroline was gonna get after the glowing feedback from the Decide. pic.twitter.com/hbrWtIUOIp
— James Seyffart (@JSeyff) September 24, 2024
Regardless of the two-year sentence, Decide Lewis Kaplan praised the previous Alameda CEO for her co-operation.
“I’ve seen loads of co-operators in 30 years,” Decide Kaplan famous. “I’ve by no means seen one fairly like Ms. Ellison.”
Bloomberg experiences that Ellison was held to account for her culpability whereas on the identical time acknowledging that she was “weak” and had been exploited.
“You’re a really sturdy individual, Ms. Ellison, in some methods, however not inviolable,” Kaplan stated.
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.
