Cheddar News
  • 3 months ago
Caroline Ellison, the former CEO of alameda research and key witness in the FTX fraud case, was sentenced to two years in prison and ordered to forfeit $11B.
Transcript
00:00Carolyn Ellison, the former CEO of Alameda Research and key witness in the FTX fraud
00:06case, was sentenced to two years in prison and ordered to forfeit $11 billion for her
00:12role in the collapse of FTX.
00:15Although she cooperated extensively with prosecutors helping convict founder Sam Bankman-Fried,
00:22Judge Lewis Kaplan said her sentence was necessary to deter future financial crimes.
00:28Ellison expressed remorse for her actions.
00:31Bankman-Fried, sentenced to 25 years, is appealing his conviction.

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