Bullet points of Caroline Ellison, former FTX executive, sentenced to 24 months in prison
Bullet points of Caroline Ellison, former FTX executive, sentenced to 24 months in prison
- Caroline Ellison, a former executive at Sam Bankman-Fried's FTX exchange, was sentenced to 24 months for her role in a multibillion-dollar fraud.
- She blamed Bankman-Fried for justifying illegal conduct and altering balance sheets.
- Ellison disclosed hiding borrowed funds during a market downturn, leading to FTX's collapse.
- Ellison's lawyers cited her testimony and turbulent relationship with Bankman-Fried in seeking leniency.
- Judge Kaplan acknowledged her cooperation in the trial.
- Bankman-Fried, already serving a 25-year sentence, was implicated in one of the largest financial frauds in U.S. history.
- Caroline Ellison, a former executive at Sam Bankman-Fried's FTX exchange, was sentenced to 24 months for her role in a multibillion-dollar fraud.
- She blamed Bankman-Fried for justifying illegal conduct and altering balance sheets.
- Ellison disclosed hiding borrowed funds during a market downturn, leading to FTX's collapse.
- Ellison's lawyers cited her testimony and turbulent relationship with Bankman-Fried in seeking leniency.
- Judge Kaplan acknowledged her cooperation in the trial.
- Bankman-Fried, already serving a 25-year sentence, was implicated in one of the largest financial frauds in U.S. history.