PANews reported on September 18 that according to Cointelegraph, the sentencing hearing of Caroline Ellison, former CEO of Alameda Research, will be held on September 24. In a document submitted to the Federal District Court for the Southern District of New York on September 17, U.S. prosecutors stated that Ellison had given "extraordinary cooperation" in the prosecution of former FTX CEO SBF, and assisted in investigating the wrongdoings of Alameda Research and FTX, and provided "credible and powerful testimony" against SBF at trial, and confessed his serious misconduct in the collapse of FTX. Although Ellison participated in the wrongdoing, the prosecution attributed the main responsibility to SBF. Ellison had previously pleaded guilty to seven charges of wire fraud, commodity fraud, securities fraud and money laundering. The prosecution recommended a lighter sentence for him, and his lawyer requested that he have served his sentence and be subject to three years of supervised release.
Former Alameda CEO Caroline Ellison sentencing hearing set for Sept. 24
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