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Caroline Ellison sentenced to two years in prison for her role in FTX scandal

SUMMARY

Caroline Ellison was sentenced to two years in prison for her role in the FTX cryptocurrency scandal. She played a crucial part as a witness in the prosecution of FTX founder Sam Bankman-Fried, who was sentenced to 25 years.

Judge Lewis Kaplan noted, "I've seen a lot of cooperators in 30 years. I've never seen one quite like Ms. Ellison."

Ellison, SBF's former girlfriend and CEO of Alameda Research, admitted to preparing fake balance sheets at his direction. Emotionally, she expressed remorse for her actions, stating, "Not a day goes by that I don't think about all of the people I hurt."

She has agreed to give up her profits from the scheme and continues to support recovery efforts. The lenient sentence highlights the importance of cooperation from witnesses.


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