"United States District Judge Lewis A Kaplan said on Tuesday that Ellison's cooperation had been very substantial, but a prison term was justified despite her lawyers' request for a non-custodial sentence."
"Kaplan said this was, if not the very greatest financial fraud ever perpetrated in this country or anywhere else, close to it."
"During Bankman-Fried's trial, Ellison testified that he directed her and others to dip into FTX customers' funds to carry out riskier transactions via sister company Alameda Research."
"Bankman-Fried testified in his own defense at his trial, accusing Ellison of being a bad manager and casting himself as a well-meaning entrepreneur and altruist who was out of his depth."
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