Caroline Ellison Seeks No Jail Time in FTX Case
Caroline Ellison Seeks No Jail Time in FTX Case
Caroline Ellison Seeks No Jail Time in FTX Case
News summary

Caroline Ellison, former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, is seeking no prison time at her upcoming September 24 sentencing. Her legal team has requested a sentence of time served with supervised release, citing her extensive cooperation with U.S. authorities during the investigation into FTX’s collapse. Ellison, who pleaded guilty to multiple charges, including fraud, has been credited with providing crucial testimony that aided in Bankman-Fried’s conviction and sentencing to 25 years in prison. Her attorneys argue that she poses no risk of recidivism and emphasize her early acceptance of responsibility and remorse for her actions. The court's Probation Department has recommended against prison time, noting her cooperation helped recover millions for creditors. Ellison's relationship with Bankman-Fried and her role at Alameda are highlighted as contributing factors to her decisions during the scandal.

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67% Left
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+2
Left 67%
Center 33%
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6
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4
Center
2
Right
0
Unrated
0
Last Updated
7 days ago
Bias Distribution
67% Left
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