FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
Caroline Ellison, who headed a hedge fund affiliated with doomed crypto exchange FTX, testified against her former boyfriend Sam Bankman-Fried at trial.
sell some loosies on a bronx street corner, get choked to death by the cops, steal 11 billion, get two years in minimum security, sure, makes sense
She was given extreme leniency because she was the main cooperator with police. There would be no FTX case wihout her. She seemed relieved when it all got cracked open and she seemed remorseful in her interviews and testimonies. So she at least demonstrated remorse enough to convince the police and the court. Whether it's genuine remorse or alligator tears doesn't matter as much as her contribution to getting the bigger fish caught, though. Rewarding cooperators an essential piece of the justice machine.
Iirc, didn't he also pull a gun on a woman?
No.
Yes, but that was a separate event.
2 years for helping steal $11B. Tell me again that there isn't 2 justice systems.
Firstly, fuck this person and everyone else involved.
Secondly, she was a supportive witness that likely helped to get other convictions. She might be the reason that any money is recovered.
Thirdly, if the sentence for a crime gets too high, murdering the people who can rat you out becomes the best strategy. Dead people don't take the stand. It's why certain awful crimes, like assaulting children, seem to have too light of a sentence.
It wouldn't seem like too light of a sentence if other relatively minor crimes didn't put poor people in prison for way longer. The solution is to reduce sentences for minor, especially victimless crimes to be in line with these, not the other way around.
That third paragraph is total bullshit, did you read it properly? it's two years.. Murder in the US is most likely a life sentence..
She took a plea bargain. Without her as a witness, SBF probably doesn't get convicted of nearly as many charges. If you read the article, there was a distinct possibility that she wouldn't do any jail time at all. The judge was relatively harsh with the 2 year sentence in this case.
So this sentencing has essentially nothing to do with her wealth.
Yes, people don't realize that so much of what was used to charge the others came from her. She was the CEO and is smart. She knew everything and gave it all up. This all would have had a very different outcome without her contribution. Whether it's genuine remorse or pure self-preservation doesn't matter. Her contribution was the center tent pole of it all.
Man they fucking did her dirty in the courtroom sketch. I mean look at SBF's picture. I MEAN JUST LOOK AT IT!!
For those that haven't seen:
"I want you to invest with me as hard as you can."
"This lettuce is too spicy for me D:"
I mean... it's not like her sketch is too far off.... it's him they botched
Use it to eliminate student loans
It's being seized to repay the people they defrauded, but also yes, and then do the Revolushion
Yall in favour of that prison reform until it comes to non violent financial crime
What do you think "prison reform" means?
I have a solution. Legalize murdering Billionaires.
Either they spend money on private security that might betray them, or they give away enough to drop below a billion.