- Caroline Ellison, former CEO of Alameda Analysis, was sentenced to 2 years in jail.
- Ellison additionally stands to lose $11 billion.
Caroline Ellison, the previous CEO of Alameda Analysis, was sentenced to 24 months in jail.
Ellison, who pleaded responsible to expenses associated to his function within the collapse of cryptocurrency alternate FTX and testified towards Sam Bankman Freed, should quit all of his earnings from FTX. In line with his Sept. 24 ruling, Ellison must quit $11 billion.
24 months in jail and forfeiture of all earnings from FTX. Truthfully, I don't assume Caroline goes to get way more than she deserves after the choose's laudatory feedback. pic.twitter.com/hbrWtIUOIp
— James Seifert (@JSeyff) September 24, 2024
Regardless of the two-year sentence, Choose Lewis Kaplan praised Alameda's former CEO for his cooperation.
“I've seen a number of collaborators in my 30 years, however I've by no means seen anybody like Mr. Ellison,” the choose famous.
Bloomberg additionally reported that whereas holding Ellison accountable, the court docket acknowledged that she was “weak” and exploited.
“Mr. Ellison, you’re a very robust individual in some methods, however you aren’t inviolable,” Choose Kaplan mentioned.
FTX founder and CEO Sam Bankman-Fried was sentenced to 25 years in jail earlier this 12 months after being discovered responsible of all expenses, together with fraud. Previous to his incarceration, Bankman-Fried was additionally accused of leaking Ellison's diaries.
