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Caroline Ellison, the former CEO of Alameda Research, has been sentenced to a two-year jail term for being part of the FTX fraud. She pleaded guilty to seven charges, including wire fraud and money laundering.As part of a plea deal with the prosecutors, Ellison <a href="https://timesofindia.indiatimes.com/business/cryptocurrency/bitcoin/caroline-ellison-sentenced-to-two-years-in-prison-in-ftx-case/articleshow/113649796.cms" rel="noopener noreferrer nofollow">testified </a>against Bankman-Fried, founder of FTX. She was also his ex-girlfriend. With her confession, Ellison was able to reduce her jail term from 110 years to a minimum of two years.Judge Lewis Kaplan, United States Southern District of New York, handled the case. He stated that her cooperation with prosecutors was &#39;remarkable.&#39; Ellison was ordered to forfeit her assets, which amounted to more than $11 billion. Additionally, the ex-CEO of <a href="https://cryptotale.org/alameda-moves-352k-wld-to-binance-amid-12-7b-court-order/" rel="noopener noreferrer nofollow">Alameda </a>Research might pay more if she is handed more restitution.Ellison testified for three days to the jury, implying that her ex-boyfriend had directed her and other executives to transfer the investors&#39; funds without their knowledge. The stolen funds were used for buying properties, investments, and political donations. By providing all the details, Ellison&#39;s legal team revealed that the secrets were spilled to avoid her being sent to jail.Related: <a href="https://cryptotale.org/ftx-and-alameda-research-move-millions-in-eth/" rel="noopener noreferrer nofollow">https://cryptotale.org/ftx-and-alameda-research-move-millions-in-eth/</a><a href="https://cryptotale.org/alameda-research-ceo-gets-two-years-jail-term-for-ftx-fraud/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Alameda Research CEO Gets Two Years Jail Term for FTX Fraud

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