Ellison, 29, pleaded guilty nearly two years ago and testified against Bankman-Fried for nearly three days at a trial last November.
Caroline Ellison, a former top executive in Sam Bankman-Fried's fallen FTX cryptocurrency empire, was sentenced to two years in prison on Tuesday., was sentenced to two years in prison on Tuesday after she apologized repeatedly to everyone hurt by a fraud that stole billions of dollars from investors and customers of what once seemed like a groundbreaking company in an emerging financial industry.
FILE - Caroline Ellison former CEO of Alameda Research goes into a wrong car as she exits the Manhattan federal court after testifying on Tuesday, Oct. 10, 2023, in New YorHe said in such a serious case, he could not let cooperation be a get-out-of-jail-free card. "I'm deeply ashamed with what I've done," she said, fighting through tears to say she was "so so sorry" to everyone she had harmed directly or indirectly.
"Caroline blames no one but herself for what she did," her lawyers wrote in a court filing. "She regrets her role deeply and will carry shame and remorse to her grave." Ellison was chief executive at Alameda Research, a cryptocurrency hedge fund controlled by Bankman-Fried that was used to process some customer funds from FTX.
As the business began to falter, Ellison divulged the massive fraud to employees who worked for her even before FTX filed for bankruptcy, her lawyers wrote."Ellison cooperated at great personal and professional cost, enduring harsh media and public scrutiny and attempted witness tampering by Bankman-Fried," prosecutors wrote.
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