Minyvonne Burke is a senior breaking news reporter for NBC News.
Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and conspiracy. Ellison was sentenced in U.S. District Court in Manhattan by Judge Lewis A. Kaplan to 24 months and ordered to forfeit $11 billion for her involvement in the collapse of Bankman-Fried's crypto exchange company, FTX, CNBC reported.
10, FTX CEO John Ray, who has been guiding the crypto firm through bankruptcy proceedings, said that Ellison's cooperation with the government was 'valuable' in helping his team preserve and protect 'hundreds of millions of dollars' in assets. Her lawyers wrote that Bankman-Fried forced her into a sort-of isolation that culminated in her moral compass being 'warped.
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