Former Alameda Research CEO Caroline Ellison Set to Be Sentenced Today
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Caroline Ellison, former CEO of Alameda Research, faces sentencing in the United States Southern District of New York on September 24 for her role in the FTX collapse, as shown in court documents.
The once prominent figure in the crypto industry will appear before Judge Lewis Kaplan in Manhattan federal courthouse at 3 p.m. EST.
In December 2022, Ellison admitted guilt to charges of wire fraud, money laundering, and both securities and commodities fraud.
As the ex-girlfriend of FTX founder Sam Bankman-Fried, Ellison faces a potential total of 110 years in prison for her crimes, although there is a possibility she may avoid prison time altogether.
Caroline Ellison, what will happen to FTX star witness?
With sentencing today, there are some signs that point to what the verdict can be.
1. Caroline was a star witness in the SBF case. Her testimony was instrumental in convicting him on all accusations.
2. Lawyers,… pic.twitter.com/iLvdNKtQHa
Ellison accepted a cooperation deal with federal prosecutors that saw her take the stand against Bankman-Fried for a whirlwind three days of testimony where she painted the one-time “king of crypto” as an image-conscious and power-hungry digital finance tycoon.
Bankman-Fried, for his part, attempted to discredit Ellison as a witness by releasing pages of her personal diary to The New York Times ahead of his trial; the move landed him behind bars after Kaplan found probable cause that he was guilty of witness tampering in August 2023.
Bankman-Fried was ultimately sentenced to 25 years in prison and
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