Caroline Ellison, Star Witness in FTX Case, Should Receive Lenient Sentence, Prosecutors Signal

Published On Sep 17, 2024, 4:17 PM

Caroline Ellison, a former executive at the collapsed crypto exchange FTX and ex-girlfriend of founder Sam Bankman-Fried, is set to be sentenced on September 24. Federal prosecutors highlighted her 'extraordinary cooperation' with the government, suggesting she may receive a lenient sentence, potentially avoiding prison time. Ellison pleaded guilty to fraud and was a key witness against Bankman-Fried, who was convicted of defrauding customers out of billions. Prosecutors recognize her remorse and the challenges she faced during the investigation and trial.