Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Her Role in FTX Fraud

Nevertheless, FTX was one of the greatest financial frauds ever perpetrated in this country, he noted, and cooperation wasn’t enough to spare Ellison a spot in prison. “In a case this serious, to be literally a ‘get out of jail free’ card is not something I can see my way through to,” Kaplan said, before asking Ellison to rise and receive her sentence of 24 months in prison. Because the crime is federal, Ellison will serve at least 75% of her sentence before being eligible for parole.

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• Source: https://www.coindesk.com/policy/2024/09/24/ex-alameda-research-ceo-caroline-ellison-sentenced-to-two-years-in-prison-for-her-role-in-ftx-fraud/?utm_medium=referral&utm_source=rss&utm_campaign=headlines