Caroline Ellison sentenced to two years in FTX crypto fraud
www.bbc.com
Ellison testified as a star witness against her ex-boyfriend and FTX's founder, Sam Bankman-Fried.

Caroline Ellison has been sentenced to two years in jail for her role in the collapse of the cryptocurrency exchange FTX, which has been described as one of biggest financial frauds in US history.

Ellison was a top executive at the firm and is also the ex-girlfriend of its founder, Sam Bankman-Fried, who was sentenced to 25 years in prison for stealing $8bn (£6.3bn) from customers.

As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried.

  • Jaderick@lemmy.world
    532·
    3 months ago

    Coincidentally I just finished the Behind the Bastards update episode on the Bankman-Fried case from back in 2023. Apparently her diary was leaked by Sam to the press in an attempt to discredit her testimony which backfired on him lmao.

    Good to see her also receive consequences.

    • TriflingToad@lemmy.world
      3·
      3 months ago

      if you haven’t seen it yet Coffeezilla on yt has made good videos on it and even went to the courtroom to watch it in person