Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this month
Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this monthFILE - Caroline Ellison former CEO of Alameda Research founded by Sam Bankman-Fried goes into a wrong car as she exits the Manhattan federal court after testifying on Tuesday, Oct. 10, 2023, in New York.
In the presentence arguments, the lawyers spoke extensively about Ellison's on-and-off romantic relationship with Bankman-Fried that stretched over several years. She explained to them that funds from FTX investors were improperly used to cover billions of dollars lost by Bankman-Fried in investments or squandered on charity donations, political contributions and purchases that fueled his high-flying lifestyle.
Since testifying at Bankman-Fried's trial, Ellison has continued to suffer even as she has engaged in extensive charity work, written a novel and worked with her parents on a math enrichment textbook for advanced high school students, according to her lawyers.
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