The lawyer defends the former CEO of Alameda, stating that he actively cooperated with the debtor's asset recovery and provided testimony for SBF's trial, and should not be imprisoned

According to ChainCatcher news, reported by The Block, a lawyer claims that Caroline Ellison, the former CEO of Alameda Research involved in the FTX collapse, should not be imprisoned for her role in the downfall of FTX. He advocates for her to serve some time in prison before being placed under house arrest. The reasoning is that Caroline Ellison has been cooperating with the government and FTX debtors, and her testimony in last year's trial of Sam Bankman-Fried was very helpful. "There is no risk of reoffending, nor does she pose a threat to public safety. Therefore, considering Caroline's early disclosure of her crimes, her unwavering acceptance of responsibility, and most importantly—her extensive cooperation with the government, leniency would help uphold the law."

Earlier news today states that Caroline Ellison will be sentenced in a New York court on September 24, facing fraud charges that include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering.

In March of this year, former FTX CEO Sam Bankman-Fried was convicted on seven counts of fraud and conspiracy and was sentenced to 25 years in prison.