- Caroline Ellison, the previous CEO of Alameda Analysis, was sentenced to 2 years in jail.
- Ellison can even lose $11 billion
Caroline Ellison, the previous chief government of Alameda Analysis, was sentenced to 24 months in jail.
Nevertheless, Ellison, who pleaded responsible to expenses associated to her position within the collapse of the FTX crypto trade and testified in opposition to Sam Bankman-Fried, must forfeit the whole lot she obtained from FTX. In keeping with the September 24 court docket determination, Ellison will forfeit $11 billion.
24 months and lose all their FTX earnings. Truthfully greater than I believed Caroline would 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 cooperation.
“I've seen a variety of co-workers in 30 years. I’ve by no means seen the likes of Mrs. Ellison,” remarked the decide.
Bloomberg additionally stories that Ellison took duty for her guilt whereas acknowledging that she was “susceptible” and was taken benefit of.
“You’re a very robust particular person, Ms. Ellison, in some methods, however not untouchable,” Decide 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 was additionally accused of leaking Ellison's diary.
