Former executive gets 2 years in prison for role in FTX fraud
new york — Caroline Ellison, a former top executive in Sam Bankman-Fried's fallen FTX cryptocurrency empire, was sentenced to two years in prison on Tuesday after she apologized repeatedly to everyone hurt by a fraud that stole billions of dollars from investors, lenders and customers. U.S. District Judge Lewis A. Kaplan said Ellison's cooperation was "very, very substantial" and "remarkable." But he said a prison sentence was necessary because she had participated in what might be the "greatest financial fraud ever perpetrated in this country and probably anywhere else" or at least close to it. He said in such a serious case, he could not let cooperation be a get-out-of-jail-free card, even when it was clear that Bankman-Fried had become "your kryptonite." "I've seen a lot of cooperators in 30 years…