The Spectre of Sam Bankman-Fried Overshadowed Caroline Ellison's Sentencing
Caroline Ellison received a two-year prison sentence and three years of supervised release for her involvement with FTX and Alameda Research. During her sentencing, comparisons were drawn between her and Sam Bankman-Fried, her former boss, who was previously convicted. Prosecutors highlighted Ellison's remorse and cooperation with authorities, contrasting it with Bankman-Fried's lack of accountability. Ellison's attorney emphasized her vulnerability and the influence Bankman-Fried had on her decisions, noting that she could have left but chose to stay. Judge Lewis Kaplan acknowledged her cooperation and remorse but stated that the seriousness of the case warranted a custodial sentence. Ellison will serve at least 1.5 years before being eligible for parole.
