Bankman-Fried's ex-girlfriend Ellison gets two-year sentence over crypto fraud

  • Posted on September 24, 2024
  • By AOL
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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.
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