FTX Case Nears End: Alameda CEO Caroline Ellison’s Sentencing Date Announced

Caroline Ellison, the ex-girlfriend of Alameda Research’s former co-CEO and FTX founder Sam Bankman-Fried, is scheduled to be sentenced in a New York courtroom on September 24.

Ellison to join FTX in December 2022 crypto para He was found guilty of multiple fraud charges that resulted in billions of dollars in consumer losses following the stock market crash.

Ellison faces serious charges including two counts of conspiracy to commit fraud, two counts of conspiracy to commit fraud and one count of conspiracy to commit money laundering. Those charges carry a potential maximum sentence of 110 years in prison, but his sentence is expected to be less severe because of his cooperation with prosecutors.

In addition to Ellison, other former FTX executives Gary Wang and Nishad Singh have also been charged but are cooperating with authorities. Wang’s sentencing hearing is scheduled for Nov. 20, while Singh’s is scheduled for Oct. 30. Sam Bankman-Fried, the figure at the center of the FTX scandal, was sentenced in March to nearly 25 years in prison and ordered to pay up to $11 billion in restitution to investors and lenders.

Yesterday, Ellison’s legal team filed a motion to have sensitive information removed from public record on the grounds that it could put her at risk. “Ms. Ellison has been the focus of intense media scrutiny and online fascination since the beginning of this case, including Sam Bankman-Fried’s repeated efforts to release Ms. Ellison’s private information to the media,” her lawyer said.

The request seeks to protect the privacy of Ellison’s friends who wrote letters of support, as well as details about his living conditions and private life.

“Ms. Ellison is requesting permission to censor information that could expose her to further harassment and security threats, including information about her place of residence, her partner, and the organizations she volunteers for,” the filing said.

*This is not investment advice.