the staff of the Ridgewood blog
Ridgewood Nj, in a major development following the collapse of cryptocurrency exchange FTX, Caroline Ellison, former CEO of Alameda Research, was sentenced to two years in federal prison on charges related to her involvement in the multi-billion-dollar fraud scheme. Ellison was also ordered to forfeit $11 billion for her role in defrauding investors and misusing FTX customer funds. The sentencing, which took place in New York yesterday, was more severe than what prosecutors had initially sought.
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