Earlier, the prosecutor’s office asked the court to give Caroline Ellison a lenient sentence due to her full cooperation. However, hardly anyone thought that the sentence would be so lenient – the maximum possible prison term for the former head of Alameda Research was 110 years.
The sentence was announced by Judge Lewis Kaplan of the Southern District of New York.
“In a sense, you are a very strong woman, Ms. Ellison, but you are not invulnerable. Mr. Bankman-Freed had your kryptonite, you were vulnerable and you were exploited,” the judge said at sentencing.
Lewis Kaplan stressed that the collapse of the FTX exchange was one of the “most serious” financial frauds in history, so he cannot replace the prison term with another type of punishment.
Let us recall that FTX founder Sam Bankman-Fried was sentenced to 25 years in prison.
Source: Bits
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