Sam Bankman-Fried’s ex Caroline Ellison faced 110 years in jail before plea
By Olivia Land
December 23, 2022 12:50pm
Disgraced FTX crypto mogul Sam Bankman-Fried’s ex-girlfriend Caroline Ellison was facing up to 110 years in prison before she agreed to cooperate with the federal government, her plea agreement shows.
The former Alameda hedge fund CEO, 28, pleaded guilty to federal fraud charges in an agreement signed on Monday.
“The total maximum sentence of incarceration on Counts One through Seven of the Information is 110 years’ imprisonment,” the document filed by the US attorney for the Southern District of New York read.
The agreement also indicates that Ellison and FTX co-founder Gary Wang had agreed to “cooperate fully” with the feds, in exchange for which they will likely get much lighter sentences.
However, experts say there is no way to know just how much time Ellison could serve — which could even be no time at all.
“To predict what she will get at this stage is impossible,” Ira Lee Sorking, a former attorney for ponzi crook Bernie Madoff, told The Post.
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https://nypost.com/2022/12/23/caroline-ellison-faced-110-years-behind-bars-before-plea/
