Former co-CEO of Alameda Research Caroline Ellison is pushing for a sentence of time served and supervised release as her sentencing date nears on September 24.
Cooperation with Authorities
Ellison, who pled guilty to fraud linked to the collapse of FTX and testified against the key suspect Sam Bankman-Fried, has been instrumental in the ensuing investigations and legal proceedings.
Contribution to Investigation
Her cooperation was pivotal in securing the conviction of Bankman-Fried on seven counts of fraud and conspiracy, leading to his 25-year prison sentence. Ellison’s attorneys emphasized her 'extraordinary cooperation with the government,' suggesting that a sentence of time served followed by three years of supervised release would be appropriate.
Attorneys' Recommendations
Ellison's attorneys stated that she 'poses no risk of recidivism and presents no threat to public safety,' adding that granting leniency would 'promote respect for the law' due to her early disclosure of crimes and unmitigated acceptance of responsibility.
Taking into account Caroline Ellison's significant contribution to the investigation and her full acceptance of guilt, her attorneys are advocating for supervised release instead of imprisonment.
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