Caroline Ellison Sentenced To Two Years In Prison, Ordered To Forfeit $11 Billion, For Role In Sam Bankman-Fried’s FTX Fraud

  • yesterday
Caroline Ellison, former Alameda Research CEO and star witness in the Sam Bankman-Fried prosecution, was sentenced to two years and ordered to forfeit $11 billion for her role in FTX's collapse. Judge Lewis Kaplan delivered a harsher sentence than the no-prison recommendation from federal probation, citing the need to deter future fraudsters. Ellison had cooperated extensively with authorities, providing critical evidence, which contributed to Bankman-Fried's conviction. Ellison, who expressed remorse in court, remains free on bail until her surrender in November.

Category

🗞
News

Recommended

0:52
I
Up next
Secret Recording Reveals Bankman-Fried's Plot to Use Chinese Bribes, Thai Prostitutes to Save His Company
Benzinga
1:31
FTX Founder Testifies About Alameda Research Concerns Prior to Collapse
Wibbitz Top Stories
0:51
FTX Collapse Trial Nears Climax, Leaving Defense Without Compelling Narrative
Benzinga
0:32
Paul Viera Increases Stake In Spurs To 11% as Rising NBA Valuations Attract Investors
Benzinga
0:33
Klarna Expands Buy Now, Pay Later Services to Physical Stores Through Adyen Partnership
Benzinga
0:35
OpenAI CTO Mira Murati Steps Down, Stating Need for 'Time and Space to Do My Own Exploration'
Benzinga
0:35
Russian President Proposes Changes to Moscow's Nuclear Doctrine, Proposing Conditions That Would Justify a Nuclear Response
Benzinga
0:35
Caroline Ellison Sentenced in FTX Fraud
Cheddar News
0:39
FTC Sues AI Schemes for Deceptive Claims, Alleges Companies Used AI to Defraud Customers
Benzinga
0:39
Hurricane Helene Intensifies as It Approaches the Florida Coast. Residents Urged to Evacuate
Benzinga
0:38
Meta Launches Quest 3S VR Headset for $299, Set to Rival Apple’s Vision Pro. Showcases Orion, Its First Fully-Functioning AR Glasses Prototype.
Benzinga
0:43
FTC Sues E-Commerce Automation Company Ascend for Scam Defrauding Customers Out of $25 Million
Benzinga
0:33
Caroline Ellison, Former Alameda Research CEO and Key Witness in Sam Bankman-Fried Trial, Seeks Leniency in FTX Collapse
Benzinga
0:28
Caroline Ellison Faces Sentencing for Fraud
Cheddar News
1:31
Sam Bankman-Fried Pleads Not Guilty to Fraud Charges in New York
Wibbitz Top Stories
1:35
Why Sam Bankman-Fried Received a 25-Year Prison Sentence
TIME
1:21
Former FTX CEO Sam Bankman-Fried Found Guilty On All Criminal Fraud Charges — Faces Up To 115 Years In Prison
Benzinga
0:50
Former Crypto Billionaire Sam Bankman-Fried Takes the Stand in Fraud Trial, Exposing Hubris and Weakness
Benzinga
0:35
Sam Bankman-Fried Requests Lenient Sentence in FTX Fraud Case, Cites Intention to Repay Customers
Benzinga
7:18
The Rise & Fall of Sam Bankman-Fried
TIME
0:45
Elizabeth Holmes Trades Black Turtleneck For Jumpsuit
Benzinga
1:13
Bankman-Fried convicted of crypto frauds, prosecutor says his conviction a 'warning' to all
The Star
0:35
FTX Founder Sam Bankman-Fried Reveals Potential Defense Strategy in Cryptocurrency Exchange Trial
Benzinga
0:43
Crypto King Sam Bankman-Fried Found Guilty of Fraud
TaiwanPlus News
0:38
U.S. Court Gives FTX Founder 25 Years for Fraud, Conspiracy
TaiwanPlus News