Caroline Ellison, Former Alameda Research CEO, Faces Sentencing on September 24th

According to DL News, Caroline Ellison, former CEO of FTX's hedge fund arm, Alameda Research, will be sentenced by Judge Lewis A. Kaplan on September 24th. She faces seven criminal charges, including conspiracy to commit wire and securities fraud, carrying a potential combined maximum sentence of 110 years.

However, Carl Volz, a Chicago securities lawyer who has defended cryptocurrency clients, believes Ellison could receive a sentence of around two years due to her role within FTX, but she might be released sooner. Volz stated, "Based on how the federal court system or the federal prison system works, if she behaves well, she'll be out in a year. She could be on probation for a considerable time, which would make her life difficult."

Ellison has been volunteering and writing a novel since the trial, according to her lawyer. She has also found solace in a new partner. A friend, in a letter to Judge Kaplan, revealed that Ellison started this new relationship in October 2022. The friend described him as “a huge improvement over her ex-boyfriend, SBF.” Her friend wrote, “Her new partner is honest and principled; he even dislikes white lies in corporate politics. He has been quietly supporting her throughout the last year. I believe this new, supportive environment will be beneficial for her.”

Previously, the US Attorney's office stated that Caroline Ellison was highly cooperative in the SBF case.