Former Alameda Research CEO Caroline Ellison Hit With Two-Year Prison Sentence

Former Alameda Research CEO Caroline Ellison was sentenced on Sept. 24 to two years in a minimum-security prison for her role in the collapse of FTX. The sentence was handed down by Judge Lewis Kaplan of the District Court of Southern New York, who also ordered Ellison to forfeit the roughly $11 billion she earned from FTX. Kaplan stated that Ellison’s surrender date would be set on or after Nov. 7. A light sentence was given, considering Ellison could have faced up to 110 years in prison for her crimes. However, the judge expressed considerable sympathy for her situation. According