Caroline Ellison Pleads for Leniency in FTX Fraud Sentencing

Ellison's attorneys argue for no prison time, citing her cooperation and personal struggles under Sam Bankman-Fried's influence.

Caroline Ellison, former CEO of Alameda Research, has requested no prison time for her role in the FTX collapse, highlighting her extensive cooperation with U.S. authorities.
Ellison's lawyers emphasize her immediate return to the U.S. and voluntary assistance in prosecuting Sam Bankman-Fried, which they claim was crucial in securing his 25-year sentence.
Ellison pleaded guilty to multiple fraud and conspiracy charges in December 2022, shortly after FTX's bankruptcy, and has since provided detailed testimony against Bankman-Fried.
Her legal team argues that Ellison's actions were heavily influenced by her manipulative relationship with Bankman-Fried, including his encouragement of her Adderall use.
Ellison's sentencing is scheduled for September 24, with the Probation Department recommending time served and supervised release due to her extraordinary cooperation and personal rehabilitation efforts.