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Ftx Fraud

All articles tagged with #ftx fraud

crime1 year ago•3 min saved

Caroline Ellison's Prison Sentence Reduced by Nearly 4 Months

Caroline Ellison, former CEO of Alameda Research and key figure in the $11 billion FTX fraud, has had her prison release date moved up to July 2026, less than two years after starting her sentence. This adjustment is due to potential good behavior credits under the First Step Act. Ellison, who cooperated with prosecutors against Sam Bankman-Fried, expressed remorse during her sentencing. Bankman-Fried, sentenced to 25 years, remains in custody as he appeals his conviction.

via Business Insider|

#caroline-ellison #crime #cryptocurrency

legalcriminal-justice1 year ago•4 min saved

"FTX Founder Sam Bankman-Fried Faces Decades in Prison at Sentencing"

Sam Bankman-Fried, the former CEO of FTX, has been sentenced for his involvement in a fraud case, with the judge acknowledging his intelligence and autism but also noting his unusual interactions with people. Bankman-Fried expressed remorse for the pain suffered by FTX's customers and employees, admitting to making bad decisions and acknowledging that his useful life is likely over. His lawyer argued that he was not motivated by greed and that he had been tutoring fellow inmates while in detention. The judge also found that Bankman-Fried committed perjury and witness tampering during his trial.

via CNN|

#autism #ftx-fraud #legalcriminal-justice