Ellison could have faced a much tougher sentence, but the judge and prosecutors said she deserved credit for talking extensively with federal investigators and ultimately testifying against Sam Bankman-Fried.
By Larry Neumeister, Associated PressIn this courtroom sketch, Caroline Ellison gives her sentencing statement, Tuesday, Sept. 24, 2024, at Manhattan federal court in New York.
U.S. District Judge Lewis A. Kaplan said Ellison’s cooperation was “very, very substantial” and “remarkable.” “I’m deeply ashamed with what I’ve done,” she said at the sentencing hearing, fighting through tears to say she was “so so sorry” to everyone she had harmed directly or indirectly.In court Tuesday, Assistant U.S. Attorney Danielle Sassoon called for leniency, saying Ellison’s testimony was “devastating and powerful proof” against Bankman-Fried, 32, who was found guilty of fraud and sentenced to 25 years in prison.
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