- cross-posted to:
- bbc@rss.ponder.cat
- cross-posted to:
- bbc@rss.ponder.cat
Caroline Ellison has been sentenced to two years in jail for her role in the collapse of the cryptocurrency exchange FTX, which has been described as one of biggest financial frauds in US history.
Ellison was a top executive at the firm and is also the ex-girlfriend of its founder, Sam Bankman-Fried, who was sentenced to 25 years in prison for stealing $8bn (£6.3bn) from customers.
As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried.
Coincidentally I just finished the Behind the Bastards update episode on the Bankman-Fried case from back in 2023. Apparently her diary was leaked by Sam to the press in an attempt to discredit her testimony which backfired on him lmao.
Good to see her also receive consequences.
if you haven’t seen it yet Coffeezilla on yt has made good videos on it and even went to the courtroom to watch it in person