Enlarge / Caroline Ellison, former chief executive officer of Alameda Research LLC, was sentenced Tuesday for helping Sam Bankman-Fried cover up FTX's fraudulent misuse of customer funds. (credit: Bloomberg / Contributor | Bloomberg) Caroline Ellison was sentenced Tuesday to 24 months for her role in covering up Sam Bankman-Fried's rampant fraud at FTX—which caused billions in customer losses. Addressing the judge at sentencing, Ellison started out by explaining "how sorry I am" for concealing FTX's lies, Bloomberg reported live from the hearing. "I participated in a criminal conspiracy that ultimately stole billions of dollars from people who entrusted their money with us," Ellison reportedly said while sniffling.

BING NEWS:
  • Caroline Ellison Sentenced To Two Years In Prison, Ordered To Forfeit $11 Billion, For Role In Sam Bankman-Fried’s FTX Fraud
    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 ...
    09/25/2024 - 5:38 am | View Link
  • Caroline Ellison Gets 2 Years Prison Time for FTX Crypto Fraud With Sam Bankman-Fried
    Sam Bankman-Fried pulled off one of the biggest financial frauds in this era. Still, he could not have done it without help, and this is why Caroline Ellison, the star witness of the trial against him ...
    09/25/2024 - 1:20 am | View Link
  • FTX founder’s ex-girlfriend Caroline Ellison sentenced to two years
    On Tuesday, a New York federal court sentenced Alameda Research CEO Caroline Ellison, the key witness in the trial against FTX founder Sam Bankman-Fried, to two years in prison. The court is also ...
    09/24/2024 - 3:13 pm | View Link
  • Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Her Role in FTX Fraud
    New York – Former Alameda Research CEO Caroline Ellison was sentenced to 24 months – or two years – in prison by a federal judge on Tuesday. The judge said Ellison, who will also have to forfeit about ...
    09/24/2024 - 12:26 pm | View Link
  • Sam Bankman-Fried’s ex Caroline Ellison gets two years in prison for role in FTX fraud scheme
    Manhattan Federal Court Judge Lewis Kaplan told Ellison that while she was “gravely culpable,” her testimony was “remarkable” and warranted a merciful term.
    09/24/2024 - 12:24 pm | View Link
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