Caroline Ellison, once an executive at FTX's sister company, was sentenced to two years for her role in an $8 billion fraud scheme.
The Judge noted both Ellison and Wang were active participants in misleading investors concerning critical risks associated with FTX.
Ellison's testimony was pivotal during Bankman-Fried's trial, where she detailed her involvement in diverting customer funds to conceal financial risks.
Before being sentenced, Ellison expressed regret and apologized to all those affected by the fraudulent actions of FTX and Alameda Research.
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