Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this month. Lawyers for Ellison made the request shortly before midnight Tuesday in a filing in Manhattan federal court. The lawyers cited her immediate and extensive cooperation with U.S.
’s collapsed cryptocurrency empire and his former girlfriend, is seeking no prison time at her sentencing later this month.
Ellison, 29, pleaded guilty nearly two years ago in the prosecution and testified against Bankman-Fried for nearly three days at his trial last November. After, Bankman-Fried was sentenced to 25 years in prison. Without her cooperation, Ellison could have faced decades in prison. They said the relationship and her appointment to a role as chief executive at Alameda Research, FTX’s hedge fund affiliate, contributed to her committing crimes at Bankman-Fried’s direction.
By early December 2022, she was fully cooperating with federal prosecutors, divulging information about Bankman-Fried’s dealings that led directly to some of the charges brought against him in the following weeks, the lawyers wrote.
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