Former Alameda CEO Caroline Ellison has cooperated extensively in the SBF case and may receive a lenient sentence

2024-09-18 12:43:05

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ChainCatcher news, former Alameda Research CEO Caroline Ellison will be sentenced on September 24. At the suggestion of U.S. prosecutors, she may receive a lenient sentence.

In court documents submitted on September 17, U.S. prosecutors mentioned that Ellison provided "substantial cooperation" in the case against former FTX CEO SBF and assisted in the investigation of "the wrongdoing of Alameda Research and FTX." The prosecution stated that she provided "credible and compelling testimony" for the trial and admitted her serious misconduct in the collapse of FTX.
Prosecutors seem to attribute most of the charges in the indictment to SBF but acknowledge that Ellison, as CEO of Alameda, "voluntarily participated in the wrongdoing."

Ellison has previously pleaded guilty to seven counts of fraud and money laundering, and her attorney has requested that she be sentenced to time served and receive three years of supervised release.

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SBF trial FTX incident Alameda Research

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