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Caroline Ellison, former co CEO of Alameda, will be sentenced in a New York court on September 24th. Caroline is also the ex girlfriend of Sam Bankman Fried, former CEO of FTX. She pleaded guilty in December 2022 after FTX went bankrupt and caused consumers to lose billions of dollars. Caroline is facing fraud charges including two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering. These charges carry a maximum sentence of 110 years in prison, but Caroline's sentence may be lighter due to her cooperation with prosecutors. Other former FTX executives Gary Wang and Nishad Singh have also been charged, but they have also cooperated with prosecutors. Gary Wang's verdict is scheduled for November 20th, while Singh's verdict is scheduled for October 30th. @drunky
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