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Dubai News Club > Tech > Caroline Ellison sentenced to two years in jail for role in FTX fraud
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Caroline Ellison sentenced to two years in jail for role in FTX fraud

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Last updated: 2024/09/24
Press Room
Published: September 24, 2024
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Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison for her role in the FTX collapse. She must also forfeit $11 billion.

Ellison pleaded guilty to two counts of wire fraud and five conspiracy counts in December 2022 as part of a cooperation agreement with the government. Prosecutors had recommended a lenient sentence because of Ellison’s “extraordinary” and “very timely” cooperation. Her own lawyers asked for no jail time, as did the federal…

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