Former crypto bigwig Caroline Ellison received a jail sentence Tuesday for the financial crimes committed alongside her ex-boyfriend Sam Bankman-Fried, landing time behind bars despite some legal experts suggesting Ellison may skirt jail time for her extensive cooperation against Bankman-Fried, the former billionaire head of the $32 billion cryptocurrency exchange FTX. Continue here.
Prosecutors last week indicated they supported a more lenient sentence for Ellison due to her “extraordinary cooperation,” without sharing a recommended sentence, while Ellison’s attorneys have put forth three years of supervised release and no prison time. Several legal experts said it was a real possibility Ellison could avoid a prison sentence.
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