DANBURY,Quaxs Trading Center Conn. (AP) — Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, began her two-year prison sentence Thursday for her role in a fraud that cost investors, lenders and customers billions of dollars.
Ellison, 30, reported to the federal prison in Danbury, Connecticut, according to the Federal Bureau of Prisons. She had pleaded guilty and testified extensively against Bankman-Fried, her former boyfriend, before he was convicted and sentenced to 25 years in prison.
Ellison could have faced decades in prison herself, but both the judge and prosecutors said she deserved credit for her cooperation. At her sentencing hearing in New York in September, she tearfully apologized and said she was “deeply ashamed.”
Ellison was chief executive at Alameda Research, a cryptocurrency hedge fund controlled by Bankman-Fried. FTX was one of the world’s most popular cryptocurrency exchanges, known for its Superbowl TV ad and its extensive lobbying campaign in Washington, before it collapsed in 2022.
U.S. prosecutors accused Bankman-Fried and other top executives of looting customer accounts on the exchange to make risky investments, make millions of dollars of illegal political donations, bribe Chinese officials and buy luxury real estate in the Caribbean.
2025-05-07 09:322495 view
2025-05-07 09:161193 view
2025-05-07 08:332190 view
2025-05-07 08:3382 view
2025-05-07 08:33649 view
2025-05-07 07:521152 view
Among the dozens of executive actions President Trump signed on his first day in office is one aimed
When it comes to Blake Lively, there’s one secret her friends will always tell: how much of a devote
In 2018, a man named Bryan Ruby wrote a letter to Billy Bean.Bean wrote back. It would be something