**News Flash: Caroline Ellison's Legal Team Pushes for Leniency**

Lawyers for Caroline Ellison, ex-CEO of Alameda Research, are advocating for a lenient sentence following her guilty plea to seven felony counts tied to the FTX collapse. In a recent court filing, her attorneys highlighted her cooperation with authorities and clean record, suggesting she serve time already served plus three years of supervised release.

Ellison's legal team emphasized her honesty and ethical behavior, arguing she poses no risk to public safety. They also noted her extensive volunteer work since FTX's downfall. With 34 letters of support from friends and colleagues, the defense hopes to avoid prison time for Ellison.

Judge Kaplan will decide her fate on Sept. 24, with the maximum sentence being 110 years, though such an outcome is deemed unlikely by experts.