Caroline Ellison Sentenced to 2 Years for Role in FTX Fraud

Ellison's cooperation with prosecutors led to a lighter sentence compared to Sam Bankman-Fried's 25 years.

Caroline Ellison, former CEO of Alameda Research, was sentenced to two years in prison for her involvement in the FTX fraud.
Ellison's testimony was crucial in securing the conviction of FTX founder Sam Bankman-Fried, who received a 25-year sentence.
Judge Lewis Kaplan noted Ellison's extraordinary cooperation and ordered her to forfeit $11 billion.
Despite her cooperation, Ellison was held accountable for her role in the $8 billion fraud that misused FTX customer funds.
Ellison expressed deep remorse and apologized to those affected, highlighting the immense pressure and manipulation by Bankman-Fried.