Caroline Ellison Begins 2-Year Prison Sentence for FTX Fraud
TL;DR Summary
Caroline Ellison, former CEO of Alameda Research and a key witness in the FTX fraud case, has begun her two-year prison sentence in Connecticut. Despite her cooperation in the prosecution of FTX founder Sam Bankman-Fried, who received a 25-year sentence, Ellison was sentenced to prison to deter future fraud. She was also ordered to forfeit $11 billion. Ellison had pleaded guilty to conspiracy and financial fraud charges, admitting her role in the misuse of $8 billion in customer funds.
- FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence CNBC
- Caroline Ellison, Sam Bankman-Fried’s ex-lover, begins 2-year prison sentence New York Post
- Ex-Alameda Research CEO to report to prison for 2-year sentence Cointelegraph
- FTX fraudster Caroline Ellison starts her 2-year prison term in Connecticut Crypto Briefing
- Former Alameda CEO Will Now Serve 2-Year Sentence: Guest Post by Coincu CoinMarketCap
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