New York Post
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Top FTX exec and Sam Bankman-Fried’s ex-lover Caroline Ellison sentenced to 2 years in prison
Posted
September 25, 2024
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0:34Now PlayingCaroline Ellison, a former top executive in Sam Bankman-Fried’s collapsed crypto empire, was sentenced to two years in prison Tuesday — after a judge praised her “remarkable,” damning testimony against her ex-lover at his fraud trial.
The 29-year-old Stanford grad held back tears and bowed her head slightly forward after Judge Lewis Kaplan revealed her fate at a hearing in Manhattan federal court.
The judge said a prison sentence was needed because Ellison had participated in what might be the “greatest financial fraud ever perpetrated in this country and probably anywhere else.”
Kaplan said he would not grant her a “get out of jail free card” despite Ellison’s “genuine” remorse for her role in the brazen crime — in which Bankman-Fried stole billions of dollars of FTX user funds in 2022 to plug losses at his failing hedge fund.
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#carolineellison #ftx #prison #fraud
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