Caroline Ellison Sentenced to 2 Years in Prison

Caroline Ellison, former CEO of Alameda Research and key witness against Sam Bankman-Fried, was sentenced to two years in prison for her role in the $8 billion fraud that led to the collapse of FTX. Despite her substantial cooperation and emotional apology, Judge Lewis Kaplan stated that she must still face consequences, including forfeiting $11 billion. Ellison's testimony was pivotal in convicting Bankman-Fried, who is serving a 25-year sentence. Her defense emphasized her youth, remorse, and willingness to return her earnings. The prosecution and defense both recognized her cooperation, which significantly influenced the leniency of her sentence.