Caroline Ellison, former chief executive officer of Alameda Research LLC, center, exits court in New York, US, on Tuesday, Sept. 24, 2024. Ellison was sentenced to 24 months in prison and ordered to forfeit $11 billion by a federal judge for her role in the FTX collapse, despite helping prosecutors in the conviction of Sam Bankman-Fried, her former boss and boyfriend. Photo: Michael Nagle/Bloomberg Former FTX Executive Caroline Ellison Sentenced to Two Years in Prison, $11 Billion Forfeiture for Fraud
District Judge Lewis Kaplan said Ellison's cooperation was substantial, but could not be a literal "get out of jail free card" given the scale of the fraud.
September 24, 2024 at 06:55 PM
4 minute read
What You Need to Know
- Former Alameda Research CEO Caroline Ellison was sentenced to two years in prison and $11 billion in forfeiture for her role in the FTX fraud case.
- Though U.S. District Judge Lewis Kaplan of the Southern District of New York called her cooperation
A federal judge in Manhattan on Tuesday sentenced former Alameda Research CEO Caroline Ellison to two years in prison and $11 billion in forfeiture for her role in one of the largest known financial frauds.
U.S. District Judge Lewis Kaplan of the Southern District of New York called Ellison's cooperation with prosecutors against fallen FTX founder and ex-boyfriend Sam Bankman-Fried "very substantial."
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