Former Alameda CEO Caroline will be sentenced on September 24

2024-09-11 08:10:55

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ChainCatcher news, former Alameda co-CEO Caroline Ellison will be sentenced in a New York court on September 24. Caroline is also the ex-girlfriend of former FTX CEO Sam Bankman-Fried, and she pleaded guilty in December 2022 after the collapse of FTX led to billions of dollars in consumer losses.

The fraud charges Caroline faces include 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 due to Caroline's cooperation with prosecutors, her sentence may be reduced.

Other former FTX executives Gary Wang and Nishad Singh are also facing charges, but they have also cooperated with prosecutors. Gary Wang's sentencing is set for November 20, while Singh's sentencing is scheduled for October 30.

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