Caroline Ellison has been sentenced to two years in jail for her role in the collapse of the cryptocurrency exchange FTX, which has been described as one of biggest financial frauds in US history.
Ellison was a top executive at the firm and is also the ex-girlfriend of its founder, Sam Bankman-Fried, who was sentenced to 25 years in prison for stealing $8bn (£6.3bn) from customers.
As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried.
Coincidentally I just finished the Behind the Bastards update episode on the Bankman-Fried case from back in 2023. Apparently her diary was leaked by Sam to the press in an attempt to discredit her testimony which backfired on him lmao.
Good to see her also receive consequences.
if you haven’t seen it yet Coffeezilla on yt has made good videos on it and even went to the courtroom to watch it in person
Headline rewrite because I had to read it 5 times to understand it:
Caroline Ellison, who then helped now
convitedconvicted Sam Bankman-Fried in his FTX crypto fraud, is herself convicted and sentenced to two years for fraudedit: fixed spelling thanks @shutz@lemmy.ca
Well I know what prison gang her eugenicist ass is pledging
And to think she was allegedly getting more play than I have my whole life. Bizarre
It’s probably your personality.
Idk hers is really bad.
The big thing is she found her people. Weird losers who were into a crypto securities crime polycule, but hey, that’s who she was and who she was interested in.
