- Caroline Ellison was Sam Bankman-Fried’s girlfriend and the CEO of Alameda Research.
- Ellison pleaded responsible to seven prices, together with wire and securities fraud.
Lawyers for Caroline Ellison, Sam Bankman-Fried’s ex-girlfriend and the CEO of his buying and selling agency Alameda Research, argue that the 29-year-old should not be despatched to jail.
“Caroline Ellison is a youngster of huge expertise and promise, with a deep dedication to serving to others,” Ellison’s legal professionals wrote in a sentencing memorandum filed on Tuesday.
Ellison, her legal professionals stated, has “centered on rebuilding her life and resolving the civil instances and different penalties arising from her acts at Alameda Research” since testifying at Bankman-Fried’s felony trial in October.
“Caroline is engaged in volunteer work and writing initiatives (unrelated to FTX) together with a math textbook and works of fiction,” her legal professionals wrote.
In their sentencing memorandum, Ellison’s legal professionals famous that she “has no affordable prospect of rebuilding her monetary place.”
“She has been rendered successfully unemployable within the close to time period by the notoriety arising from this case, and the reputational hurt will not be prone to abate any time quickly,” they added.
Following FTX’s chapter, Ellison pleaded responsible to seven prices, which embrace conspiracy to commit wire fraud, securities fraud, and commodities fraud.
Ellison’s prices collectively carry a most jail sentence of 110 years. She later struck a plea deal to cooperate with federal prosecutors.
“Without in any approach diminishing the very severe crimes right here, we respectfully submit that the coverage targets and pursuits of justice embodied by the part 3553(a) sentencing components don’t require sending Caroline to jail, and accordingly request a non-custodial sentence,” Ellison’s legal professionals wrote of their memorandum.
Ellison’s sentencing is about to happen on September 24.
Earlier this 12 months, in March, Bankman-Fried was convicted of seven felony counts and sentenced to 25 years in jail.
Bankman-Fried’s sentence ended up being a lot decrease than the 100-year jail time period probation officers had advisable. But it was nonetheless a lot greater than the 5 to six-and-a-half-year sentence his legal professionals had requested for.
The disgraced crypto mogul advised ABC News, in an interview revealed in April, that he’s “haunted, every single day” by what occurred at FTX.
“I by no means thought that what I used to be doing was unlawful. But I attempted to carry myself to a excessive normal, and I actually did not meet that normal,” Bankman-Fried advised ABC News.
Representatives for Ellison and Bankman-Fried did not instantly reply to requests for remark despatched exterior common enterprise hours.
