Article

2024-09-25 -Lurid Crime Tales-

Caroline Ellison, former FTX exec and Sam Bankman-Fried's ex-girlfriend, sentenced to 2 years in prison

[NBC] Ellison accepted a plea deal on charges of conspiracy and financial fraud in December 2022, a month after FTX spiraled into bankruptcy.

Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and conspiracy.

U.S. District Judge Lewis A. Kaplan sentenced Ellison in New York City to 24 months and ordered her to forfeit $11 billion for her involvement in the collapse of Bankman-Fried's crypto exchange company, FTX. She had faced a maximum sentence of about 110 years.

Ellison, 29, accepted a plea deal on charges of conspiracy and financial fraud in December 2022, a month after FTX spiraled into bankruptcy. She testified against Bankman-Fried for nearly three days at his trial in November....

Lawyers for Ellison had asked that she be sentenced to time served and supervised release, citing her cooperation. In a court document filed this month, her lawyers said she made a swift return to the U.S. in 2022 from FTX’s headquarters in the Bahamas and voluntarily cooperated with the U.S. attorney’s office....

But Kaplan, describing FTX's collapse as possibly the greatest financial fraud uncovered in U.S. history, said he could not agree to a "literal get-out-of-jail-free card" for the defendant.

He ordered her to surrender to authorities on or after Nov. 7.

Posted by DooDahMan 2024-09-25 06:03|| || Front Page|| [11129 views ] Top

#1 And here's The Guardian's take on the story.

Posted by DooDahMan 2024-09-25 06:08|| 2024-09-25 06:08|| Front Page Top

Someone described her as "always the one playing the caterpillar in high school plays" and now I can't unsee it

Posted by Frank G 2024-09-25 06:56|| 2024-09-25 06:56|| Front Page Top

#3 FTX's collapse as possibly the greatest financial fraud uncovered in U.S. history

Then exceeded by the Treasury covering the losses without any legal basis to do so.

Posted by Procopius2k 2024-09-25 06:58|| 2024-09-25 06:58|| Front Page Top

#4 Saw an article saying Bankman-Fried was in the same prison dorm as Diddy. Judging by the respective girlfriend pics, Diddy had more fun.

As an aside- how is Bankman's hyphenated name pronounced - "Freed" or "Fryed".. I know which is more accurately descriptive.

Posted by Mercutio 2024-09-25 09:06|| 2024-09-25 09:06|| Front Page Top

#5 I call him "Scam Bankrupt-Fraud".

Posted by DooDahMan 2024-09-25 09:27|| 2024-09-25 09:27|| Front Page Top

#6 Judging by the respective girlfriend pics, Diddy had more fun.

Made that joke the other day that Diddy was Hillary! favorite living rapper, until he isn't. Couple hours later Diddy was placed on 'suicide watch', so there is that.

Posted by swksvolFF 2024-09-25 11:29|| 2024-09-25 11:29|| Front Page Top

#7 Check in date 2 days after the election

Posted by Clem+Elmish4239 2024-09-25 11:59|| 2024-09-25 11:59|| Front Page Top

#8 That sentence seems to be missing a zero.

Posted by EMS Artifact 2024-09-25 14:27|| 2024-09-25 14:27|| Front Page Top

#9 She's out in 18 or 20 months after easy time at min-security Club Fed. She made a deal and the Feds are delivering on their end.

Posted by Bangkok Billy 2024-09-25 15:54|| 2024-09-25 15:54|| Front Page Top

#10 ^ I'd be surprised I'd she spends a month in prison.

Posted by Besoeker 2024-09-25 19:18|| 2024-09-25 19:18|| Front Page Top

#11 ^ wouldn’t be surprised…

Posted by Bangkok Billy 2024-09-25 22:46|| 2024-09-25 22:46|| Front Page Top

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