Caroline Ellison has been sentenced to two years in jail for her role in the collapse of the cryptocurrency exchange FTX, which has been described as one of biggest financial frauds in US history.

Ellison was a top executive at the firm and is also the ex-girlfriend of its founder, Sam Bankman-Fried, who was sentenced to 25 years in prison for stealing $8bn (£6.3bn) from customers.

As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried.

  • partial_accumen@lemmy.world
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    2 months ago

    Headline rewrite because I had to read it 5 times to understand it:

    Caroline Ellison, who then helped now convited convicted Sam Bankman-Fried in his FTX crypto fraud, is herself convicted and sentenced to two years for fraud

    edit: fixed spelling thanks @shutz@lemmy.ca

    • skillissuer@discuss.tchncs.de
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      2 months ago

      but she also spilled beans on SBF, that’s why she’s got only 2 years and not 25 like SBF despite being equally deep in the fraud

      • partial_accumen@lemmy.world
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        2 months ago

        Saw the spelling mistake, thanks! It is now even more clear that she wasn’t sentenced to fraud because she helped convict Sam Bankman-Fried, but because of her own actions in committing fraud at the same time.