Almost a year after pleading guilty to fraud and conspiracy charges, Caroline Ellison, the former CEO of Alameda Research, was sentenced to a 2-year jail term. The sentence is considered a fair deal based on her cooperation during the trial of FTX Derivatives Exchange’s former CEO Sam Bankman-Fried, Ellison.

Alameda Research Caught Up In FTX Mess

As reported by Reuters, US District Judge Lewis Kaplan pronounced the sentence in Manhattan on Tuesday. He noted that Ellison must pay for her part in the crimes committed by Sam Bankman-Fried despite her cooperation with authorities.

Ideally, the charges the former leader of Alameda Research pleaded guilty to carries a maximum sentence of 110 tyears in prison. Unlike her, co-conspirators, SBF is serving a 25-year jail term at the moment. However, in a recent move, SBF has appealed the fraud charges, claiming he did not steal customer’s funds.

This is a breaking story, please check back for updates!!!

The post Breaking: Alameda Research’s Caroline Ellison Sentenced to 2 Years In Prison appeared first on CoinGape.

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