Sam Bankman-Fried’s Ex-Girlfriend May Not Face Jail Time for Part in FTX Collapse
Sam Bankman Freed's ex-girlfriend, Caroline Ellison, may not face prison time despite her role in the collapse of digital currency exchange FTX. Ellison is scheduled to be sentenced Tuesday. Played He played a key role in the criminal case against disgraced former FTX founder and CEO Sam Bankman Freed. Ellison reportedly lied to investors, stole […]
Caroline Ellison sentenced to 2 years in prison over massive FTX crypto-scandal
The 29-year-old former girlfriend of FTX founder Sam Bankman Freed Sentenced She was sentenced to two years in prison on Tuesday for her role in a massive cryptocurrency Ponzi scheme. “I've seen a lot of collaborators over the last 30 years, but I've never seen anyone like Mr. Ellison.” Caroline Ellison was the CEO of […]
Top FTX exec and Sam Bankman-Fried’s ex-lover Caroline Ellison sentenced to 2 years in prison
Caroline Ellison, a former top executive in Sam Bankman Freed's collapsed cryptocurrency empire, was sentenced to two years in prison on Tuesday after a judge praised the “remarkable” incriminating testimony she gave against her ex-boyfriend at her fraud trial. The 29-year-old MIT graduate fought back tears and bowed her head slightly after Judge Lewis Kaplan […]
Former FTX executive, Sam Bankman-Fried’s ex-girlfriend Caroline Ellison faces sentencing
Caroline Ellison, a former top executive at Sam Bankman Freed's fallen cryptocurrency empire FTX, was convicted of fraud on Tuesday and could face several years in prison, but prosecutors said she should receive leniency because of her “exceptional cooperation” in investigating the company. Ellison, 29, pleaded guilty nearly two years ago and testified against Bankman-Freed […]
Sam Bankman-Fried’s ex-lover Caroline Ellison begs to stay out of jail for FTX fraud
Caroline Ellison, the ex-girlfriend of convicted crypto fraudster Sam Bankman Freed, has asked a federal judge not to send her to prison for stealing $8 billion from clients of the bankrupt FTX exchange. In a court filing just before midnight on Tuesday, Ellison's lawyers told U.S. District Judge Lewis Kaplan in Manhattan that the former […]
FTX ordered to pay $12.7M to customers, fraud victims
Now-defunct cryptocurrency exchange FTX and its sister company Alameda Research Ordered to pay $12.7 million The Commodity Futures Trading Commission (CFTC) announced the measures on Thursday to customers and victims of fraud. FTX will pay $8.7 million in damages and an additional $4 million to compensate victims of a “massive fraud scheme” orchestrated by Sam […]
FTX ordered to pay $12.7B to customers after SBF’s massive fraud
A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to customers, the Commodity Futures Trading Commission announced in a statement on Thursday. In March, FTX founder Sam Bankman Freed was sentenced to 25 years in prison for stealing $8 billion from clients. “The order requires FTX to pay $8.7 […]
Synapse, FTX, Binance — how many more fintech disasters can our system take?
Financial crises in the United States often result from an overheated market driven by excitement over new financial products. June 6th Report This statement from the bankruptcy trustee of financial technology company Synapse tells just such a story and should be taken as a warning against future financial crises caused by all manner of tech […]