Policy & Regulation

Alameda CEO Caroline Ellison’s Sentencing Date Clarified

Published

1 year ago

September 12, 2024

Caroline Ellison, the ex-girlfriend of Sam Bankman-Fried, former co-CEO and FTX founding father of Alameda Analysis, can be sentenced in a New York courtroom on September 24.

Ellison was discovered responsible of a number of fraud fees that resulted in billions of {dollars} in client losses following the collapse of cryptocurrency change FTX in December 2022.

Ellison faces severe fees, together with two counts of conspiracy to commit fraud, two counts of conspiracy to commit fraud and one rely of conspiracy to commit cash laundering. These fees carry a possible most penalty of 110 years in jail, however his sentence is predicted to be much less extreme due to his cooperation with prosecutors.

Along with Ellison, different former FTX executives Gary Wang and Nishad Singh have additionally been charged, however they’re cooperating with authorities. Wang’s sentencing listening to is scheduled for November 20, whereas Singh’s is scheduled for October 30. Sam Bankman-Fried, the determine on the middle of the FTX scandal, was sentenced in March to just about 25 years in jail and ordered to pay as much as $11 billion in restitution to traders and lenders.

Yesterday, Ellison’s authorized group filed a movement to have delicate info faraway from the general public report, saying it might endanger her. “Ms. Ellison has been the main focus of intense media consideration and on-line fascination because the inception of this case, together with Sam Bankman-Fried’s repeated makes an attempt to launch Ms. Ellison’s non-public info to the media,” mentioned her lawyer.

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The request is meant to guard the privateness of Ellison’s buddies who’ve written letters of assist, in addition to particulars about his residing circumstances and personal life.

“Ms. Ellison requests permission to censor info that might expose her to additional harassment and safety threats, together with details about her place of residence, her partner, and the organizations for which she volunteers,” the submitting mentioned.

*This isn’t funding recommendation.