After FTX founder Sam Bankman-Fried (SBF) was sentenced to 25 years in prison, his ex-girlfriend and former Alameda Research CEO Caroline Ellison will also be sentenced on September 24.
According to the sentencing opinion submitted on Tuesday, Caroline Ellison's defense lawyer hopes to get the judge to issue a "Time Served" sentence on the grounds that she "turned into a tainted witness" and "has no risk of reoffending." time in custody).
Caroline Ellison's defense attorney pointed out that the probation office had recommended that she be sentenced to "release upon completion of sentence" and 3 years of post-prison supervision (Supervised Release). He emphasized that in addition to pleading guilty at the first opportunity, his client also turned into a tainted witness and cooperated with the government. Help accuse SBF and ask the court not to impose a prison sentence. The lawyer stated in the document:
Caroline Ellison poses no risk of reoffending and does not pose a risk to public safety. Therefore, her early surrender, unreserved admission of guilt, and—most importantly—her full cooperation with the government should result in a lenient sentence.
Alameda Research and FTX were both founded by SBF and have close business relationships. Alameda acts as FTX's main market maker and manages liquidity by buying and selling cryptocurrencies. However, there are financial entanglements between the two companies, especially the financial disputes provided by FTX to Alameda. The loans have raised concerns about conflicts of interest and possible misappropriation of client funds.
SBF was sentenced to 25 years in prison and fined $11 billion in March this year after being found guilty of seven counts of fraud and conspiracy.
As an important deputy in SBF’s vast cryptocurrency empire, Caroline Ellison also faces multiple charges, including 2 counts of wire fraud, 2 counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit fraud. The seven counts of conspiracy to commit money laundering carry a combined maximum penalty of 110 years in prison.
In a document accompanying the judgment, FTX Bankruptcy Administrator John J. Ray III said that Caroline Ellison "provided valuable assistance and cooperation to the Debtors, which enabled the recovery of hundreds of millions of dollars in the Debtors' assets."
〈SBF ex-girlfriend Caroline Ellison will be sentenced at the end of the month! Lawyer: I have turned a tainted witness and asked to avoid jail.> This article was first published on "Blocker".
