NEW YORK—Former crypto executive Caroline Ellison, a key witness in the fraud and conspiracy case involving the Sam Bankman-Fried-led FTX platform, has been sentenced to two years in prison and ordered to forfeit around $11 billion for her role in the scandal.
On Sept. 24, U.S. District Judge Lewis Kaplan handed down the sentence to Ellison, who was the co-chief executive of Alameda Research, FTX’s companion hedge fund operated by Bankman-Fried, her former boyfriend.
Kaplan sentenced Ellison to 24 months in prison, along with three years of supervised release. He also ordered her to forfeit around $11 billion in assets.
Ellison pleaded guilty in 2022 to seven counts—including wire fraud and conspiracy to commit securities fraud—in connection with the collapse of FTX, one of the largest financial frauds in history….