Caroline Ellison Begins 2-Year Prison Term for Role in FTX Fraud

Ellison, former Alameda Research CEO, cooperated with prosecutors in the case against Sam Bankman-Fried.

Caroline Ellison reported to a federal prison in Danbury, Connecticut, to start her two-year sentence.
Ellison was a key witness against Sam Bankman-Fried, whose FTX collapse cost billions.
She pleaded guilty to conspiracy and financial fraud, forfeiting $11 billion.
Ellison's cooperation with prosecutors was instrumental in Bankman-Fried's 25-year conviction.
FTX was once valued at $32 billion before collapsing amid allegations of fraud and mismanagement.