BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Ex FTX Exec Caroline Ellison Sentenced to 24 Months in Prison

by Sham
September 24, 2024
in BUSINESS, CRYPTO, FEATURED, POLITICS
Reading Time: 2 mins read
A A
3
SHARES
43
VIEWS
Share on XShare in TelegramShare on Reddit
  • On September 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison.
  • Ellison cooperated with U.S. federal authorities in their investigation into FTX, leading to charges against Sam Bankman-Fried.
  • Ellison admitted to offenses including wire fraud, securities fraud, and money laundering, acknowledging that FTX had used customer funds to cover Alameda’s debts.

On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison for her involvement in the FTX scandal. This sentence comes after Ellison cooperated extensively with authorities to build a case against FTX founder Sam Bankman-Fried.

BREAKING: EX-FTX EXEC CAROLINE ELLISON (@carolinecapital) SENTENCED TO 24 MONTHS IN PRISON pic.twitter.com/JRHwQHeow5

— BlockNews.com (@blocknewsdotcom) September 24, 2024

The Sentencing Hearing

Despite praising Ellison’s cooperation, the judge still handed down a two-year prison sentence in court on September 24. Ellison is also required to forfeit any profits from the FTX situation as part of her sentencing. The judge banned cameras and recordings during the hearing.

Ellison’s Crimes

In December 2022, Ellison confessed to a litany of offenses during her cooperation with investigators. These crimes included wire fraud against lenders, commodities fraud, securities fraud, and money laundering. She admitted that FTX improperly used customer funds to cover debts incurred by Alameda Research.

Conclusion

While Ellison provided pivotal testimony that enabled charges against Bankman-Fried, her involvement in FTX’s criminal activities still warranted prison time. Her sentencing highlights the legal risks of participating in crypto schemes that misuse customer funds or otherwise break the law. The FTX saga serves as a cautionary tale for crypto executives and companies.

Tags: Alameda ResearchCaroline EllisonFTXMoney LaunderingSam Bankman-Fried
Tweet1ShareShare
Previous Post

Polymarket Presidential Election Bets Surpass $1 Billion Milestone

Next Post

SEC Delays Decision on Options Trading on BlackRock Spot Ethereum ETF

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out
FINANCE

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody
FINANCE

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.