Caroline Ellison’s lawyers are pushing for no prison time ahead of the former Alameda Research CEO’s Sept. 24 sentencing.
Lawyers for Caroline Ellison say the former Alameda Research CEO shouldn't go to prison for her role in the implosion of Sam Bankman Fried's crypto empire.
Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client's role in the implosion of the crypto empire that was run by her former boss and ex-boyfriend.Tuesday night, the attorneys said that, at most, Ellison should be sentenced to time served and supervised release because of her swift return to the U.S. from FTX's Bahamas headquarters in 2022 and her choice to voluntarily cooperate with the U.S.
In the filing, FTX CEO John Ray, who has been guiding the crypto firm through bankruptcy proceedings, describes Ellison's cooperation as"valuable" in helping his team protect and preserve"hundreds of millions of dollars" in assets.
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