At sentencing, she emotionally apologized to anyone hurt by the fraud that stretched from 2017 through 2022. "I'm deeply ashamed with what I've done," she said, fighting through tears to say she was "so so sorry" to everyone she had harmed directly or indirectly.
U.S. District Judge Lewis A. Kaplan stated that Ellison's cooperation was "very, very substantial" and praised her testimony, noting no inconsistencies between her statements and evidence presented.
Judge Kaplan emphasized the severity of the case, declaring it might be the "greatest financial fraud ever perpetrated in this country and probably anywhere else," necessitating a prison sentence.
Prosecutors highlighted Ellison's testimony as the "cornerstone of the trial" against Bankman-Fried, illustrating her substantial role in the case despite her involvement in the fraudulent scheme.
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