Caroline Ellison, Former Alameda Research CEO and Key Witness in Sam Bankman-Fried Trial, Seeks Leniency in FTX Collapse

Benzinga
Benzinga
  • 2 weeks ago
Lawyers for Caroline Ellison, former CEO of Alameda Research and key witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for her role in the collapse of the crypto empire. In a court filing, Ellison's attorneys requested time served and supervised release, citing her swift cooperation with U.S. authorities. Ellison agreed to a plea deal in December 2022, a month after FTX declared bankruptcy. Ellison pled guilty to conspiracy and financial fraud charges.

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