Coin

<ul class="wp-block-list news-points">
 <li>Ellison asks for leniency, citing cooperation and responsibility in FTX’s downfall.</li>
 <li>Her testimony was key in Sam Bankman-Fried’s trial and FTX’s fraud case.</li>
 <li>A $12.7 billion FTX-CFTC settlement includes $8.7 billion for defrauded investors.</li>
</ul>
Caroline Ellison, Sam Bankman-Fried’s former partner and ex-CEO of Alameda Research, is seeking leniency in the FTX collapse case. She argues that her cooperation during the trial, including three days of testimony, <a href="https://www.bloomberg.com/news/articles/2024-09-11/sbf-s-ex-girlfriend-ellison-asks-to-be-spared-prison-for-ftx" target="_blank" rel="noopener noreferrer nofollow">be taken favorably</a> to spare her from imprisonment.
Ellison’s lawyers highlighted her “immediate and complete acceptance of responsibility” in a memo filed in a Manhattan court. They further argued that she poses no threat to public safety and shouldn’t face incarceration.
During the trial, Ellison’s testimony proved crucial in the case against Bankman-Fried. She revealed how he directed her to manipulate Alameda’s balance sheet and make risky investments with customer funds.
Ellison, along with four other senior FTX executives, pleaded guilty to charges related to the exchange’s collapse. In contrast, Ryan Salame, another former FTX executive who didn’t cooperate with prosecutors, received a 7.5-year p…
The post <a href="https://coinedition.com/caroline-ellison-seeks-leniency-in-ftx-case-citing-cooperation-in-trial/" rel="noopener noreferrer nofollow">Caroline Ellison Seeks Leniency in FTX Case, Citing Cooperation in Trial</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Caroline Ellison Seeks Leniency in FTX Case, Citing Cooperation in Trial

Coin Edition

Other articles published on Sep 11, 2024

Chainlink dominance challenged by Pyth’s 46x growth in 2024

India Leads 2024 Crypto Adoption Index Despite High Tax Rate

Peluncuran Fractal Bitcoin Serap 35 Persen Hashrate BTC Global

WazirX Hacker Moves $23M in Ethereum, Escalating Crypto Security Fears

New Binance Tokenomics Feature Integrated To Support Users Stay Informed

Fed Cuts Rates, Crypto Market Watches Closely

Join our free newsletter for daily crypto updates!