According to a recent The Block report, Caroline Ellison, the former co-CEO of Alameda Research, is scheduled to be sentenced on September 24 in a New York courtroom. She pled guilty in December 2022 after the collapse of FTX, a cryptocurrency exchange that caused billions of dollars in consumer losses. Ellison, who was also romantically involved with former FTX CEO Sam Bankman-Fried, is facing several fraud charges, including two counts of conspiracy to commit wire fraud, two counts of wire fraud, and one count of conspiracy to commit money laundering. While these charges carry a maximum sentence of 110 years in prison, her cooperation with prosecutors is expected to lead to a more lenient outcome.

On Monday, Ellison's attorney filed a request to the judge seeking to redact certain information from public records, citing concerns for her safety. Her lawyer emphasized the intense media scrutiny surrounding Ellison and mentioned that Bankman-Fried had made repeated efforts to release her private information. The request includes redacting the names and identifying details of Ellison’s friends who have written letters to the court, as they should not be exposed to harassment or doxing.

The request also extends to redacting details about Ellison’s living situation, such as where she resides, her partner, and the organizations with which she volunteers, to prevent further harassment and safety threats.

Meanwhile, other former FTX executives, Gary Wang and Nishad Singh, who have also cooperated with authorities, are set to be sentenced soon. Wang's sentencing is scheduled for November 20, and Singh's for October 30. Bankman-Fried, who was sentenced in March, received nearly 25 years in prison and was ordered to repay up to $11 billion in investor and lender losses.

Resources:

The Block