Caroline Ellison, the star witness in FTX founder Sam Bankman-Fried’s fraud trial, was sentenced to 24 months in prison for her role in the collapse of the crypto exchange and its affiliated hedge fund Alameda Research.
Ellison, who admitted to participating in the fraud, cut a deal with federal prosecutors and provided testimony that put her former billionaire boyfriend and boss in prison for 25 years. She will also have to forfeit $11 billion.
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