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Al Jazeera
Al Jazeera
Business

Former FTX executive Caroline Ellison sentenced to two years for fraud

Caroline Ellison, the former CEO of Alameda Research, exits the Manhattan federal court after testifying against Sam Bankman-Fried on October 10, 2023 [Eduardo Munoz Alvarez/AP]

Caroline Ellison, the former business partner and girlfriend of cryptocurrency fraudster Sam Bankman-Fried, has been sentenced to two years in prison for her role in one of the biggest financial frauds in history.

Ellison, the CEO of Alameda Research and Bankman-Fried’s on-and-off girlfriend, was a key prosecution witness in last year’s trial that saw the founder of ill-fated crypto exchange FTX sentenced to 25 years in prison.

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