Caroline Ellison sentenced to two years in prison

Discussion in 'Wall St. News' started by BMK, Sep 24, 2024.

  1. BMK

    BMK

    https://www.theguardian.com/business/2024/sep/24/caroline-ellison-sentenced-sam-bankman-fried-ftx

    In theory, Ellison was facing up to 110 years after pleading guilty to seven different charges. No one expected that to happen, but two years is exceptionally lenient.

    The judge and the prosecutors sound like they were about to come in their pants. [LMAO] They were practically competing to see who could heap more praise on her.

    From the article:

    Prosecutors called her cooperation in the case against Bankman-Fried "not only substantial, but exemplary" in court filings and did not request a specific sentence, arguing for leniency during the hearing.

    Judge Kaplan told the court that in his decades on the bench, Ellison stood out as a cooperative witness, finding her testimony exceedingly consistent.

    "I’ve seen a lot of cooperators in 30 years. I’ve never seen one quite like Ms Ellison," the judge said.

    The prosecutors’ filing stated that Ellison provided extremely valuable information in the case against Bankman-Fried, while also arguing that she had persevered through intense public scrutiny and media humiliation.

    “The Government cannot think of another cooperating witness in recent history who has received a greater level of attention and harassment,” prosecutors wrote.
     
    Last edited: Sep 24, 2024
  2. S2007S

    S2007S

    2 years wow...im sure it will be like 10 months once it begins and she's on good behavior...amazing. .


    Then come the book deals and some Hulu or Netflix money .. .
     
    TheMordy and EdgeHunter like this.
  3. MarkBrown

    MarkBrown

    i think this illustrates the overall ignorance of mortal man to be a herd animal...
     
    SimpleMeLike and athlonmank8 like this.
  4. BMK

    BMK

    Probably not. Under current federal law, offenders must serve at least 85% of their sentence. The very few exceptions, e.g., someone who is terminally ill, are not applicable to Ellison.

    But she'll do all right in a minimum security women's prison camp. She's bisexual and she looks like she's about 14 years old LOL
     
    Nobert likes this.
  5. They should have her teach math in the ghetto for 5yrs.
     
    SimpleMeLike, BMK and MarkBrown like this.
  6. lol
     
  7. ZBZB

    ZBZB

    Did the $11billion come from FTX or the hedge fund?
     
  8. Good Morning Monobrowtrading,

    I agree with this. The people in the "ghetto" where I once reside could definitely use her mentorship, educational background to help the youth and adults.

    She made a mistake, but all mistakes is forgiven in the "ghetto" for people who give back with good intentions.
     
  9. BMK

    BMK

    WSJ article reports the following:

    Lawyers for Ellison told the judge that she has repeatedly sought to find a paying job, but had been unsuccessful due to her criminal case and notoriety.

    She has spent time volunteering, working at a soup kitchen, fostering rescue dogs and
    helping low-income families in the Bronx with their taxes. She has also been contributing to a nonprofit that sends books to people in prisons and jails, according to a letter the nonprofit wrote to the judge. Her favorite task is writing personal notes of encouragement to inmates, the letter said.

    Ellison has also used the past year to pursue another passion: writing.

    She completed a novella and is now working on a novel, her mother wrote in a letter to the judge. The novella is “set in Edwardian England and loosely based on her sister Kate’s imagined amorous exploits, to Kate’s great delight,” said her mother. The choice of genre is in keeping with her fondness for Jane Austen books and the Netflix drama “Bridgerton.”

    She is also collaborating with her parents, both economics professors, and a Harvard professor on a math textbook for advanced high-school students.

    Helping low-income families with their taxes.

    :rolleyes:

    https://www.wsj.com/finance/currencies/ftx-trial-caroline-ellison-sentencing-cc104a84


     
    SimpleMeLike likes this.
  10. This is very good news to read.

    I am VERY proud of Ellison for helping low income people.
     
    #10     Sep 25, 2024
    MarkBrown likes this.