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-Lurid Crime Tales-
Caroline Ellison, former FTX exec and Sam Bankman-Fried's ex-girlfriend, sentenced to 2 years in prison
2024-09-25
[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.
Related:
Caroline Ellison 12/23/2022 Bankman-Fried's ex-girlfriend and FTX co-founder plead guilty to fraud charges
Caroline Ellison 12/14/2022 Founder of FTX Crypto Exchange Arrested
Caroline Ellison 11/12/2022 Sam Bankman-Fried's crypto empire ‘was run by a gang of kids in the Bahamas' who all dated each other

Posted by:DooDahMan

#11  ^ wouldn’t be surprised…
Posted by: Bangkok Billy   2024-09-25 22:46  

#10  ^ I'd be surprised I'd she spends a month in prison.
Posted by: Besoeker   2024-09-25 19:18  

#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  

#8  That sentence seems to be missing a zero.
Posted by: EMS Artifact   2024-09-25 14:27  

#7  Check in date 2 days after the election
Posted by: Clem+Elmish4239   2024-09-25 11:59  

#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  

#5  I call him "Scam Bankrupt-Fraud".
Posted by: DooDahMan   2024-09-25 09:27  

#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  

#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  

#2  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  

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

Posted by: DooDahMan   2024-09-25 06:08  

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