The former CEO of Alameda Research has been sentenced to 24 months in prison for her role in the collapse of FTX. Caroline Ellison, 29, pleaded guilty to seven charges, including fraud and conspiracy, which could have carried a sentence of up to 110 years. Despite her cooperation, Judge Kaplan said that did not excuse her from responsibility.
Ellison's testimony helped convict Sam Bankman-Fried, who orchestrated one of the largest financial frauds in the United States, misappropriating nearly $10 billion. Ellison helped cover up Alameda's financial problems and mislead investors.
In addition to prison, Allison must pay a fine of $11 million.
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