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Former Alameda CEO Caroline Ellison will be sentenced on September 24th.
Golden Finance reported that former Alameda Research CEO Caroline Ellison will be sentenced on September 24th. Prosecutors in the United States mentioned in a court filing submitted on September 17th that Ellison showed “extraordinary cooperation” in the case against former FTX CEO Sam Bankman-Fried, providing “credible and compelling testimony” for the trial, and admitting to her serious misconduct in the collapse of FTX. Despite her involvement in illegal activities, the prosecution primarily attributed the responsibility to Bankman-Fried. Ellison had previously admitted to seven counts of fraud and Money Laundering charges. The prosecution suggested a lenient treatment for her, and her lawyer requested a sentence that includes time served and three years of supervised release.