Alameda Ex-CEO Caroline Ellison Seeks Probation, Sentencing Set for September
CryptoNewsTerminal Staff10 Sep, 2024
Alameda Ex-CEO Caroline Ellison Seeks Probation, Sentencing Set for September
Alameda Research's Former CEO Requests 'Probation' CoinDesk reported that the attorney for Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried (SBF), has filed a motion requesting supervised release (also known as probation) for his client. Ellison's sentencing is scheduled for September 24 (local time). Cooperation and Low Risk of Recidivism Cited Ellison's lawyer argued that she "accepted guilt at an early stage, has been cooperating with the prosecution, and does not pose a risk of re-offending." Ellison has pleaded guilty to seven charges, including conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering, which carry a potential 110-year prison sentence. Probation Request Aiming for Leniency Ellison's request for probation, if granted, would indicate a more lenient sentence than the maximum potential term. The judge overseeing the case will ultimately determine the appropriate punishment based on various factors, including Ellison's cooperation, the severity of her crimes, and the potential impact on the public.
