The elusive former CEO of Alameda Research will return to court on Sept. 24 for sentencing after pleading guilty to fraud and money laundering in 2022.
Lawyers representing former Alameda Research CEO Caroline Ellison recommend that she be sentenced to time served after pleading guilty to seven felony counts related to cryptocurrency exchange FTX’s downfall.
In a Sept. 10 filing in the United States District Court for the Southern District of New York, Ellison’s legal team submitted letters from friends, colleagues, and family members recommending she serve a light sentence. The attorneys recommended that the former Alameda CEO, based on the Probation Department’s [PSR] terms, be sentenced to time served with three years’ supervised release at her Sept. 24 hearing.
“The PSR grounds this recommendation in Caroline’s extraordinary cooperation with the government, her otherwise unblemished record, and the numerous testimonials of Caroline’s honesty and ethical behavior both before she started working at Alameda and since she left Alameda,” said the filing. “Caroline poses no risk of recidivism and presents no threat to public safety. It would therefore promote respect for the law to grant leniency in recognition of Caroline’s early disclosure of the crimes, her unmitigated acceptance of responsibility for them, and—most importantly—her extensive cooperation with the government.”
