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Fmr. FTX exec Caroline Ellison sentenced to 2 years over crypto fraud

Brock Koller

Summary

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Full story

Caroline Ellison, a former top executive with the failed cryptocurrency firm FTX, was sentenced to two years in prison Tuesday, Sept. 24, in connection to a fraud scheme that stole $8 billion from investors and customers. The judge and prosecutors agreed to give Ellison a lighter sentence after she pleaded guilty and testified against FTX founder and her former boyfriend Sam Bankman-Fried during his trial last November.

NEW YORK, NEW YORK - OCTOBER 10: Caroline Ellison, former chief executive officer of Alameda Research LLC, leaves Manhattan Federal Court after testifying during the trial of FTX CEO Sam Bankman-Fried, on October 10, 2023 in New York City. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of the crypto exchange he founded, FTX. (Photo by Michael M. Santiago/Getty Images)
Getty Images

Bankman-Fried was found guilty and sentenced to 25 years in prison. 

The judge called Ellison’s cooperation “very, very substantial” but added a prison sentence was necessary because she participated in what could possibly be the “greatest financial fraud ever perpetrated in this country or anywhere else.” 

Ellison is to report to prison Nov. 7.

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Bias comparison

  • The Left ornare curae etiam vel quam primis condimentum accumsan sed hendrerit amet maecenas, at nostra purus netus dignissim ultrices platea arcu fringilla fames.
  • The Center varius augue urna facilisi porta sed vivamus ac bibendum malesuada, euismod mus fusce velit hendrerit feugiat sem sociosqu, gravida elit habitant ultrices nibh amet iaculis pulvinar.
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1:22 min listen

Summary

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Inceptos suspendisse neque facilisis

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Tempor cras

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Full story

Caroline Ellison, a former top executive with the failed cryptocurrency firm FTX, was sentenced to two years in prison Tuesday, Sept. 24, in connection to a fraud scheme that stole $8 billion from investors and customers. The judge and prosecutors agreed to give Ellison a lighter sentence after she pleaded guilty and testified against FTX founder and her former boyfriend Sam Bankman-Fried during his trial last November.

NEW YORK, NEW YORK - OCTOBER 10: Caroline Ellison, former chief executive officer of Alameda Research LLC, leaves Manhattan Federal Court after testifying during the trial of FTX CEO Sam Bankman-Fried, on October 10, 2023 in New York City. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of the crypto exchange he founded, FTX. (Photo by Michael M. Santiago/Getty Images)
Getty Images

Bankman-Fried was found guilty and sentenced to 25 years in prison. 

The judge called Ellison’s cooperation “very, very substantial” but added a prison sentence was necessary because she participated in what could possibly be the “greatest financial fraud ever perpetrated in this country or anywhere else.” 

Ellison is to report to prison Nov. 7.

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Read Transcript

Why this story matters

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Facilisi tincidunt at mauris

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Tellus fringilla ex non

Ridiculus magnis bibendum ex nulla curabitur tortor aliquam dictum augue, cubilia montes ipsum elit egestas rutrum pulvinar adipiscing.

Get the big picture

Synthesized coverage insights across 56 media outlets

Behind the numbers

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Community reaction

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Do the math

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Bias comparison

  • The Left dictum hac lacinia nisi ornare quam maecenas tincidunt ridiculus suscipit vivamus accumsan, sagittis odio vehicula sed eros mattis conubia vitae id ullamcorper.
  • The Center inceptos ligula dictumst etiam rhoncus ridiculus facilisis metus curabitur nunc, aliquet scelerisque class egestas suscipit mus mi dapibus, dolor massa erat mattis aptent vivamus commodo porta.
  • Not enough coverage from media outlets on the right to provide a bias comparison.

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  • Justo diam tortor auctor aenean tempus efficitur id, nam faucibus ligula mi aptent.

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Key points from the Center

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Key points from the Right

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Timeline

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