Caroline Ellison has been sentenced to two years in jail for her role in the collapse of the cryptocurrency exchange FTX, which has been described as one of biggest financial frauds in US history.
Ellison was a top executive at the firm and is also the ex-girlfriend of its founder, Sam Bankman-Fried, who was sentenced to 25 years in prison for stealing $8bn (£6.3bn) from customers.
As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried.
Did I read it right that he got 25 years, and she got 110? And the 110 was a reduction after testifying against him?
She got 2 according to the headline
Lol, thanks. I read the article, but not the headline, apparently.
“She had faced a maximum sentence… of 110 years in prison.” She got 2, but the max would have been 110.
Thanks, that’s much clearer.