coindesk.com
New York – Former Alameda Research CEO Caroline Ellison was sentenced to 24 months – or two years – in prison by a federal judge on Tuesday.
The judge said Ellison, who will also have to forfeit about $11 billion, could serve the sentence at a minimum-security facility.
Ellison testified against Bankman-Fried during his criminal trial last year, alleging he tried to bribe foreign officials and deliberately shared misleading financial data with lenders.
Her testimony was a "cornerstone" in Bankman-Fried's conviction, prosecutors said in a sentencing memorandum ahead of Tuesday's hearing. Bankman-Fried was convicted on all seven counts of fraud and conspiracy he faced, and was sentenced to 25 years in prison earlier this year. He's now appealing the conviction.
Ellison's own attorneys argued ahead of the hearing that she provided "extraordinary cooperation" and did not pose any recidivism risk.
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