tldr; Former Madoff prosecutor Marc Litt believes Caroline Ellison, former CEO of Alameda Research, is unlikely to receive jail time for her role in the FTX collapse. Ellison pleaded guilty to fraud charges and cooperated with the government in the case against Sam Bankman-Fried, who received a 25-year sentence. Litt cites her extensive cooperation and the government’s detailed sentencing memo as reasons for her likely avoidance of prison. Prosecutors highlighted her candidness and the harassment she faced, suggesting her critical role in the case may spare her jail time.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Former Madoff prosecutor Marc Litt believes Caroline Ellison, former CEO of Alameda Research, is unlikely to receive jail time for her role in the FTX collapse. Ellison pleaded guilty to fraud charges and cooperated with the government in the case against Sam Bankman-Fried, who received a 25-year sentence. Litt cites her extensive cooperation and the government’s detailed sentencing memo as reasons for her likely avoidance of prison. Prosecutors highlighted her candidness and the harassment she faced, suggesting her critical role in the case may spare her jail time.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.