Bankman-Fried's ex-girlfriend Ellison gets two-year sentence over crypto fraud
- Posted on September 24, 2024
- By AOL
- 1 Views
Bankman-Fried's ex-girlfriend Ellison gets two-year sentence over crypto fraud
Former cryptocurrency executive Caroline Ellison was sentenced on Tuesday to two years in prison for her role in her former boyfriend Sam Bankman-Fried's theft of $8 billion in customer funds from the now-bankrupt FTX exchange he founded, even as the judge recognized her extensive cooperation with prosecutors. U.S. District Judge Lewis Kaplan said at a sentencing hearing in Manhattan federal court that he was not comfortable with remorse and cooperation being a "get out of jail free card" in a case so serious. Prosecutors have called Bankman-Fried's actions one of the biggest financial frauds in U.S. history.