BlockBeats reported that on September 11, 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 cooperates with prosecutors, her sentence may be lighter.
Other former FTX executives Gary Wang and Nishad Singh were also charged, but they also cooperated with prosecutors. Gary Wang's sentencing is scheduled for November 20, while Singh's sentencing is scheduled for October 30.