SunnyVibes
Iron Member
- Joined
- Sep 17, 2024
- Messages
- 27
- Reaction score
- 1
- Points
- 3
Fresh off CNBC
- Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, was sentenced in New York federal court in Manhattan to two years in prison and ordered to forfeit $11 billion.
- Ellison, who ran the Alameda Research hedge fund affiliated with FTX, agreed to a plea deal in December 2022, a month after the cryptocurrency exchange spiraled into bankruptcy.
- Judge Lewis Kaplan said a “literal get-out-of-jail-free card I can’t agree to” as he sentenced Ellison while praising her extensive cooperation.