PANews reported on September 20 that according to DL News, on September 24, Caroline Ellison, former CEO of Alameda Research, the hedge fund division of FTX, will be sentenced by Judge Lewis A. Kaplan. She faces seven criminal charges, including conspiracy to commit wire and securities fraud, with a total maximum sentence of 110 years. However, Carl Volz, a Chicago securities lawyer who has defended cryptocurrency clients, said that due to Ellison's role in FTX, she may be sentenced to about two years in prison, but she may be released earlier. Volz said: "Depending on how the federal court system or the federal prison system works, if she behaves well, she will be released from prison within a year. She may be on probation for quite a long time, which will make her life difficult."
According to Ellison's lawyer, Ellison has been doing volunteer work and writing a novel since the trial, and Ellison has also found comfort in her new partner. A friend of hers said in a letter to Judge Ellison that she learned about the new relationship in October 2022. The friend described him as "a great improvement over her ex-boyfriend SBF." Her friend wrote: "Her new partner is honest and upright; he is disgusted even by white lies in corporate politics. He has been quietly supporting her for the past year. I believe this new, friendly environment will be good for her."
Earlier news, US prosecutors said that Caroline Ellison was highly cooperative in the SBF case.
