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Home»ADOPTION NEWS»Former Alameda CEO Caroline Ellison to be sentenced on September 24 following FTX incident
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Former Alameda CEO Caroline Ellison to be sentenced on September 24 following FTX incident

By Crypto FlexsSeptember 10, 20243 Mins Read
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Former Alameda CEO Caroline Ellison to be sentenced on September 24 following FTX incident
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Former Alameda co-CEO Caroline Ellison is scheduled to be sentenced in a New York court on September 24.

Ellison, who is also the ex-girlfriend of former FTX CEO Sam Bankman-Fried, He pleaded guilty in December 2022 following the collapse of a cryptocurrency exchange that cost consumers billions of dollars.

The fraud charges against Ellison include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering. These charges carry a maximum penalty of 110 years in prison, but Ellison cooperated With the prosecution.

Other former FTX executives, Gary Wang and Nishad Singh, were also indicted but cooperated with prosecutors. Wang is scheduled to be sentenced on November 20 and Singh is scheduled to be sentenced on October 30. Bankman-Fried I was sentenced In March, he was sentenced to nearly 25 years in prison and ordered to pay $11 billion in losses to investors and lenders.

On Monday, Ellison’s attorney asked a judge to redact some information that could put her at risk.

“As the Court knows, Ms. Ellison has been the focus of intense media scrutiny and Internet fascination since the inception of this case, including attempts by Sam Bankman-Fried to release Ms. Ellison’s personal information to the press,” Ellison’s attorneys said. “Because Ms. Ellison’s friends should not be subject to harassment and exposure simply because they wrote a letter to the Court, Ms. Ellison seeks permission to redact their names and other identifying information from the public version of the letter and from her sentencing memorandum.”

Ellison’s attorney also asked that information about her residency be removed.

“Ms. Ellison requests permission to redact information that could expose her to further harassment and threats to her safety, including information about where she lives, her partner, and the organizations for which she volunteers,” the filing states.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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