Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and conspiracy.
Ellison, 29, accepted a plea deal to charges of conspiracy and financial fraud in December 2022, a month after FTX spiraled into bankruptcy.
Bankman-Fried was convicted of all seven criminal fraud charges against him and sentenced to 25 years in prison.
Lawyers for Ellison had asked that she be sentenced to time served and supervised release, citing her cooperation.
Ryan Salame, a former top lieutenant of Bankman-Fried, was the first of the FTX executive team to be sentenced.
Persons:
Caroline Ellison, Sam Bankman, Ellison, Judge Lewis A, Kaplan, FTX spiraled, Fried, Prosecutors, John Ray, disentangling, FTX, Ryan Salame, Nishad Singh, Gary Wang
Organizations:
FTX, CNBC, Bankman, U.S, Alameda Research, Super Bowl
Locations:
U.S, Manhattan, Bahamas, Washington, Caribbean, Bankman