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Caroline Ellison, a former top executive in Sam Bankman-Fried s fallen FTX cryptocurrency empire, was sentenced to two years in prison on Tuesday after she apologized repeatedly t
stanley cup o everyone hurt by a fraud that stole billions of dollars from investors and customers of what once seemed like a groundbreaking company in an emerging financial industry.U.S. District Judge Lewis A.
stanley uk Kaplan said Ellison s cooperation in the case was very, very substantial and praised her testimony, saying he saw no inconsistencies with documents shown to the jury or things she had previously told prosecutors.But he said a prison sentence was necessary because she had participated in what might be the greatest financial fraud ever perpetrated in this country and probably anywhere else or at least close to
botella stanley it.He said in such a serious case, he could not let cooperation be a get-out-of-jail-free card. Ive seen a lot of cooperators in 30 years here. Ive never seen one quite like Ms. Ellison, he said.She was ordered to report to prison Nov. 7.RELATED STORY | Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prisonEllison, 29, pleaded guilty nearly two years ago and testified against Bankman-Fried for nearly three days at a trial last November.At sentencing, she emotionally apologized to anyone hurt by the fraud that stretched from 2017 through 2022. I m deeply ashamed with what I ve done, she said, fighting through tears to say she was so so sorry to everyone she had harmed directly o Fcjw Contestant makes history as first Miss Delaware Teen USA with Down syndrome
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