Caroline Ellison sentenced (FTX, Alameda)
Caroline Ellison, the former head of FTX's sister investment firm, Alameda Research, has been sentenced to two years in prison for her role in one of the largest financial frauds in history.
She pleaded guilty to seven fraud and money-laundering offices related to FTX's collapse but helped testify against her former boyfriend and boss, Sam Bankman-Fried, putting him in prison for 25 years. Ellison has been ordered to forfeit $11 billion and must give the government any income she receives from selling the rights to her story.
The judge has requested that she be sent to a low-security prison near where her family lives. Her surrender date will be after November 7.
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