Carolyn Allison (right), former CEO of Alameda Research LLC, arrives in court on September 24, 2024 in New York.
Michael Nagel | Bloomberg | Getty Images
carolyn allisonThe star witness in the prosecution of ex-boyfriend and FTX founder Sam Bankman-Fried was sentenced in New York federal court on Tuesday to two years in prison and ordered to forfeit $11 billion over her role in a massive The role played in the fraud and conspiracy sealed FTX’s fate.
The sentence is significantly harsher than federal probation judge Lewis Kaplan’s recommendation to sentence Ellison to three years of supervised release without any time in jail. Ellison’s attorney also asked for no jail time.
Allison previously ran Alameda Research, a hedge fund related to FTX. Agree to plea deal in December 2022FTX fell into bankruptcy a month later.
Allison, 29, pleaded guilty. Conspiracy and financial fraud charges.
In contrast, Bankman-Fried chose to go to trial and was All seven were found guilty Criminal fraud charges were filed against him in U.S. District Court in Manhattan.
he is Sentenced to 25 years in prison Jailed in March and ordered to forfeit $11 billion.
Bankman-Fried has since appealed his conviction and requested a new trial and a different judge, arguing that Kaplan was biased against him.
Late Monday, Ellison’s attorneys said in a court filing that they had reached a financial settlement with prosecutors and the estate of FTX’s debtor.
Bankman-Fried and Allison both face the same statutory maximum sentence for their crimes, about 110 years in prison.
But defendants in criminal cases who cooperate with prosecutors rather than fight, especially in white-collar cases like FTX, often receive leniency when sentenced.
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