According to ChainCatcher, Caroline Ellison, former co-CEO of Alameda, will be sentenced in a New York court on September 24. Caroline is also the ex-girlfriend of former FTX CEO Sam Bankman-Fried. She pleaded guilty in December 2022 after FTX collapsed and caused consumers to lose billions of dollars.
The fraud charges Caroline faces include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering. These charges carry a maximum sentence of 110 years in prison, but because Caroline is cooperating with prosecutors, her sentence may be less.
Other former FTX executives, Gary Wang and Nishad Singh, were also charged but have also cooperated with prosecutors. Gary Wang’s sentencing is scheduled for Nov. 20, while Singh’s is scheduled for Oct. 30.
