Caroline Ellison Sentenced in FTX Fraud Case
Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her involvement in the massive FTX fraud. The charges against her included looting customer accounts for risky investments, illegal political donations, and bribery of Chinese officials. Ellison's role also involved purchasing luxury real estate using misappropriated funds. A restitution amount of $11 billion has been imposed on her as well. FTX, once a leading cryptocurrency exchange, became infamous..
