Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX’s sister company Alameda Research – will begin her two-year sentence after serving as the prosecution’s star witness. […]
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Caroline Ellison has been free on bail since her guilty plea in 2022, testifying at Sam Bankman-Fried’s criminal trial and subject to intense scrutiny by the media.
Former Alameda Research CEO Caroline Ellison is expected to report to prison on Nov. 7 to serve her two-year sentence for her role in crimes at cryptocurrency exchange FTX.
At the time of publication, the Federal Bureau of Prisons (BOP) website stated Ellison was not in custody but provided an inmate number and her age, race and sex. On Sept. 24, Judge Lewis Kaplan of the United States District Court for the Southern District of New York sentenced Ellison to two years in prison, where she is expected to surrender no earlier than Nov. 7.
Source: Federal Bureau of Prisons
Caroline Ellison, former chief executive of Alameda Research and a pivotal witness in the case against FTX founder Sam Bankman-Fried, has reported to a low-security federal prison in Connecticut following her two-year sentence, according to a CNBC report. Reporter MacKenzie Sigalos and Dawn Giel wrote that Ellison, who cooperated extensively with federal prosecutors, was instrumental […]
The former CEO of FTX sister company Alameda Research reportedly received a sentence of two years in prison on Tuesday. Caroline Ellison, who is one of disgraced FTX founder Sam Bankman-Fried’s top advisors and ex-girlfriend, served as star witness in the FTX trial that ended with the former crypto golden boy’s conviction on seven counts of […]
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On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the sentencing. Even though the judge commended her in court, saying, “I’ve seen a lot of cooperators in […]
Lawyers representing the former Alameda Research CEO have requested time served and supervised release — an outcome that appeared more likely after a filing by US Attorneys.
Former Alameda Research CEO Caroline Ellison, set to face a sentencing hearing on Sept. 24, may receive a lenient sentence after a recommendation from United States prosecutors.
In a Sept. 17 filing in the US District Court for the Southern District of New York, US Attorneys wrote to Judge Lewis Kaplan to inform him of Ellison’s “extraordinary cooperation” in the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, as well as her assistance into the “wrongdoing at Alameda Research and FTX.” According to prosecutors, she provided “credible and compelling testimony” against Bankman-Fried at trial and was “forthcoming about her own grave misconduct” in FTX’s collapse.
“Ellison played a core role in Bankman-Fried’s criminal schemes, but as the Government noted in Bankman-Fried’s sentencing submission, only he was involved in all aspects of the schemes,” said the filing. “Ellison never worked at FTX and played no role in designing the coding systems that granted Alameda special treatment on FTX and permitted Alameda to accrue a negative balance on FTX by withdrawing FTX customer funds.”
Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authorities and personal acceptance of responsibility for her actions. Caroline Ellison’s Lawyers Push for No Jail Time in FTX Fraud Case In […]
New court documents reveal that former FTX executive Caroline Ellison is set to be sentenced later this month for her role in the multi-billion-dollar downfall of the crypto exchange in 2022. According to new court filings, Ellison – who once was the girlfriend of jailed FTX co-founder Sam Bankman-Fried and the CEO of FTX’s sister […]
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Initially scheduled for May 1, the sentencing of Ryan Salame, former co-chief executive of FTX Digital Markets, has been deferred to May 28, 2024, in front of Judge Lewis Kaplan. Ryan Salame, Once FTX’s Co-Leader, Slated for May Sentencing Per the judicial records, Ryan Salame, once the co-chief executive at FTX Digital Markets, is slated […]
After Sam Bankman-Fried was sentenced to nearly a quarter-century behind bars for his involvement in financial wrongdoings, Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are up next to face consequences for their roles in the FTX debacle. The Uncertain Road Ahead for FTX’s Co-Conspirators Post-conviction by a jury and subsequent sentencing by Judge […]