Caroline Ellison, former girlfriend of SBF and former CEO of FTX's hedge fund arm Alameda Research, is scheduled to be sentenced on September 24th. She faces a maximum sentence of 110 years, but lawyers suggest she could be released within a year.

Ellison faces seven criminal charges, including conspiracy to commit wire and securities fraud, which carry a combined maximum sentence of 110 years. However, Carl Volz, a Chicago securities lawyer who has defended cryptocurrency clients, believes Ellison, due to her role in FTX, may receive a sentence of approximately two years. She could be released earlier though.

Volz states, "Under how the federal court system or the federal prison system works, if she behaves, she'll be out in a year. She'll probably be on probation for a long time, which will make her life difficult." (DL News)