US Justice Department Requests Leniency for Former Alameda CEO in Court
CryptoNewsTerminal Staff17 Sep, 2024
US Justice Department Requests Leniency for Former Alameda CEO in Court
Caroline Ellison, the former CEO of Alameda Research and ex-lover of FTX founder Sam Bankman-Fried (SBF), is being considered for leniency by the US Justice Department (prosecution) in the FTX case, according to Bloomberg, due to her active cooperation in the investigation. The prosecution highlighted Ellison's exceptional cooperation, stating that "there was no defendant in recent major cases who was more active than her." Her willingness to provide statements that could potentially harm her own legal standing aided the investigation in identifying and prosecuting key suspects. Ellison has faced significant public scrutiny and pressure since the FTX collapse, but the prosecution emphasized that her substantial cooperation should be taken into account by the court when determining her sentence.
