Caroline Ellison sentenced to two years in prison for FTX fraud

Caroline Ellison, the former CEO of FTX affiliate Alameda Research, was sentenced to two years in prison on Tuesday.

Ellison pled guilty to conspiring with FTX’s Sam Bankman-Fried to steal $8 billion worth of customers’ funds, but she was an exceedingly cooperative witness, helping law enforcement to investigate the massive fraud scheme. Her two-year sentence stands in stark contrast to Bankman-Fried’s 25-year sentence.

Though he is currently in prison, Bankman-Fried has continued to appeal his sentence. Unlike Ellison, the former FTX founder pled not guilty. Two other former FTX executives, Gary Wang and Nishad Singh, await sentencing.