CandleFocus Why did Caroline Ellison get such a light sentence?
2024-09-25
Author: Content Editor
Caroline Ellison, former CEO of Alameda Research, received a two-year prison sentence for her role in the collapse of cryptocurrency exchange FTX. Ellison cooperated closely with prosecutors in the trial against FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for defrauding customers. Prosecutors argued for leniency for Ellison, citing her help in uncovering Bankman-Fried's crimes. Despite acknowledging her culpability, the judge considered a 110-year sentence as "absurd." Ellison's testimony played a pivotal role in Bankman-Fried's conviction, and prosecutors emphasized that her cooperation led to a speedy indictment. Some argue that Ellison's sentence is lenient, but prosecutors highlighted the lasting consequences she will face due to public scrutiny.
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