A former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire faces the possibility of years in prison when she is sentenced Tuesday for fraud.
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FTX was one of the world's most popular cryptocurrency exchanges, known for its Superbowl TV ad and its extensive lobbying campaign in Washington, before it collapsed in 2022. Her work relationship with Bankman-Fried was complicated by her romantic feelings for him, her lawyers wrote in a court filing.
“In her many meetings with the Government, Ellison approached her cooperation with remarkable candor, remorse, and seriousness,” they wrote. “She dedicated herself to extensive document review that helped identify key corroborating documents in an investigation hamstrung by Bankman-Fried’s systematic destruction of evidence.”Judge Lewis A. Kaplan will decide the sentence.
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