Lawyers for Caroline Ellison, former CEO of Alameda Research and key witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for her role in the collapse of the crypto empire. In a court filing, Ellison's attorneys requested time served and supervised release, citing her swift cooperation with U.S. authorities. Ellison agreed to a plea deal in December 2022, a month after FTX declared bankruptcy. Ellison pled guilty to conspiracy and financial fraud charges.
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00:00It's Benzinga, and here's what's on the block.
00:03Lawyers for Caroline Ellison, former CEO of Alameda Research and key witness in the prosecution
00:07of FTX founder Sam Bankman-Fried, are recommending no prison time for her role in the collapse
00:12of the crypto empire.
00:14In a court filing, Ellison's attorneys requested time-served and supervised release, citing
00:18her swift cooperation with U.S. authorities.
00:21Ellison agreed to a plea deal in December 2022, a month after FTX declared bankruptcy.
00:27Ellison pled guilty to conspiracy and financial fraud charges.
00:30For all things money, visit Benzinga.com.