News@lemmy.worldEnglish · 2 months ago

Caroline Ellison, who helped convict Sam Bankman-Fried, sentenced to two years for FTX crypto fraud

www.bbc.com

cross-posted to:
bbc@rss.ponder.cat

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Caroline Ellison, who helped convict Sam Bankman-Fried, sentenced to two years for FTX crypto fraud

www.bbc.com

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News@lemmy.worldEnglish · 2 months ago

cross-posted to:
bbc@rss.ponder.cat

Caroline Ellison sentenced to two years in FTX crypto fraud

www.bbc.com

Ellison testified as a star witness against her ex-boyfriend and FTX's founder, Sam Bankman-Fried.

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.

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2 months ago
“She had faced a maximum sentence… of 110 years in prison.” She got 2, but the max would have been 110.
- xorollo@leminal.space
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  Thanks, that’s much clearer.

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