- Former Alameda Analysis CEO Caroline Allison has been sentenced to 2 years in jail.
- Ellison may even lose $11 billion
Caroline Allison, former chief govt of Alameda Analysis, has been sentenced to 24 months in jail.
Ellison, who pleaded responsible to fees associated to his function within the collapse of crypto change FTX and testified towards Sam Bankman-Fried, will nevertheless have to surrender all of the earnings he created from FTX. In keeping with the court docket ruling on September 24, Ellison must pay a wonderful of $11 billion.
24 months and all of my earnings from FTX have been misplaced. To be sincere, that was greater than Caroline was going to get after the decide’s complimentary feedback. pic.twitter.com/hbrWtIUOIp
— James Seyffart (@JSeyff) September 24, 2024
Regardless of the two-year sentence, Decide Lewis Kaplan praised the previous Alameda CEO for his cooperation.
“I’ve seen a whole lot of associates over 30 years. I’ve by no means seen anybody like Ms. Ellison,” the decide mentioned.
Bloomberg additionally Reports He held Alison accountable for her culpability, whereas additionally acknowledging that she was “susceptible” and had been exploited.
“You’re a very sturdy individual, Ms. Ellison, in some methods, however not irreplaceable,” Decide Kaplan mentioned.
Sam Bankman-Fried, Founder and CEO of FTX Sentenced to 25 years in prison Earlier this 12 months, SBF was discovered responsible on all counts, together with fraud. Earlier than being jailed, Bankman-Fried was additionally charged with Leaking of Alison’s diary,
