Caroline Ellison Sentenced To Two Years In Prison For Role In FTX Collapse
Caroline Ellison was sentenced to two years in prison for her role in the $11 billion collapse of the FTX cryptocurrency exchange that was co-founded by boyfriend Sam Bankman-Fried. The sentence came despite what Judge Lewis Kaplan called her ”remarkable” cooperation with prosecutors in testifying against Bankman-Fried, who was earlier jailed for 25 years after being convicted on seven counts of fraud and conspiracy for his role in the exchange’s collapse. “I’ve seen a lot of cooperators in 30 years here, I’ve never seen one quite like Miss Ellison,” the Judge said. Still, her sentence was necessary because of the scale of the fraud, he added. “For it to be a case this serious, to be a literal get-out-of-jail-free card — I cannot see a way to it,” he said Ellison had faced a maximum sentence of 110 years in prison, but her defense attorneys called for leniency based on her cooperation, saying it was a ”cornerstone...