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
White Collar Crime
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.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
'Nothing Routine' About Eric Adams Bribery, Prosecutors Tell Judge in Defending Charge
'A Serious Crime': Venture Capitalist Sentenced to Prison for Trump-SPAC Insider Trading
US Judge Orders 'Prolific' Cooperating Witness to Pay Nearly $900,000 in Restitution
Trump Counsel Again Asks Second Circuit to Remove NY State Case to Federal Court
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
