CandleFocus Towards the End of the FTX Trial: Alameda CEO Caroline Ellison’s Sentencing Date Clarified
2024-09-10
Author: Content Editor
Caroline Ellison, the ex-girlfriend of Sam Bankman-Fried, founder of FTX, is set to be sentenced for fraud charges that led to losses in the cryptocurrency exchange. She faces serious charges including conspiracy to commit fraud and money laundering. However, her sentence is expected to be less severe due to her cooperation with prosecutors. Other former FTX executives, Gary Wang and Nishad Singh, have also been charged but are cooperating. Ellison's legal team has filed a motion to protect sensitive information from the public record, citing concerns for her safety. Sam Bankman-Fried, the central figure in the FTX scandal, has already been sentenced to nearly 25 years in prison and ordered to pay restitution.
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