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News@lemmy.worldEnglish · 2 days ago

Caroline Ellison, who helped convict Sam Bankman-Fried, sentenced to two years for FTX crypto fraud

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Caroline Ellison, who helped convict Sam Bankman-Fried, sentenced to two years for FTX crypto fraud

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 2 days ago

Caroline Ellison sentenced to two years in FTX crypto fraud

Ellison testified as a star witness against her ex-boyfriend and FTX's founder, Sam Bankman-Fried.

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.

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“None of this non-hierarchical bullshit,” the account elaborated. “Everyone should have a ranking of their partners, people should know where they fall on the ranking, and there should be vicious power struggles for the ranks.”

So polyamory, but fascist

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