Caroline Ellison, a key figure in the FTX fraud case, received a two-year prison sentence amid her heartfelt apologies for her role in the multi-billion-dollar scam.
U.S. District Judge Lewis A. Kaplan emphasized that while Ellison's cooperation was extraordinary, a prison sentence was mandatory for her participation in one of the most significant financial frauds.
Ellison expressed deep remorse during her sentencing, stating, "I'm deeply ashamed with what I've done," and conveyed her profound regret to those affected by the fraud.
Prosecutors highlighted Ellison's testimony as crucial, referring to it as the 'cornerstone of the trial' against Bankman-Fried, contrasting it with his evasive demeanor.
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