- Caroline Ellison, former CEO of Alameda Analysis, has been sentenced to 2 years in jail.
- Ellison may also 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 expenses associated to her position within the collapse of crypto change FTX and testified towards Sam Bankman-Fried, will nevertheless should forfeit all that she gained from FTX. Per the court docket ruling on Sept. 24, Ellison will forfeit $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 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 a lot of cooperators in 30 years. I’ve never seen one quite like Ms. Ellison,” the decide famous.
Bloomberg additionally reviews that the held Ellison to account for her culpability whereas on the similar time acknowledging that she was “vulnerable” and had been exploited.
“You’re a very strong person, Ms. Ellison, in some ways, but not inviolable,” Choose Kaplan stated.
FTX founder and CEO Sam Bankman-Fried was sentenced to 25 years in jail earlier this yr. 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.