Advertisement
Canada markets open in 4 hours 48 minutes

  • S&P/TSX

    23,952.22
    +57.51 (+0.24%)
     

  • S&P 500

    5,732.93
    +14.36 (+0.25%)
     

  • DOW

    42,208.22
    +83.57 (+0.20%)
     

  • CAD/USD

    0.7448
    +0.0003 (+0.04%)
     

  • CRUDE OIL

    71.39
    -0.17 (-0.24%)
     

  • Bitcoin CAD

    85,779.24
    +172.85 (+0.20%)
     

  • XRP CAD

    0.79
    -0.00 (-0.01%)
     

  • GOLD FUTURES

    2,680.40
    +3.40 (+0.13%)
     

  • RUSSELL 2000

    2,223.99
    +3.71 (+0.17%)
     

  • 10-Yr Bond

    3.7360
    -0.0030 (-0.08%)
     

  • NASDAQ futures

    20,099.00
    -68.75 (-0.34%)
     

  • VOLATILITY

    15.76
    +0.37 (+2.40%)
     

  • FTSE

    8,280.01
    -2.75 (-0.03%)
     

  • NIKKEI 225

    37,870.26
    -70.33 (-0.19%)
     

  • CAD/EUR

    0.6654
    -0.0002 (-0.03%)
     

Caroline Ellison sentenced to two years in prison for FTX fraud

Amanda Silberling
·1 min read
Image Credits: Michael M. Santiago / Getty Images

Caroline Ellison, the former CEO of FTX affiliate Alameda Research, was sentenced to two years in prison on Tuesday.

Ellison pled guilty to conspiring with FTX's Sam Bankman-Fried to steal $8 billion worth of customers' funds, but she was an exceedingly cooperative witness, helping law enforcement to investigate the massive fraud scheme. Her two-year sentence stands in stark contrast to Bankman-Fried's 25-year sentence.

Though he is currently in prison, Bankman-Fried has continued to appeal his sentence. Unlike Ellison, the former FTX founder pled not guilty. Two other former FTX executives, Gary Wang and Nishad Singh, await sentencing.