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EllisonArs Technica
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76% Informative
Caroline Ellison was sentenced to two years and ordered to forfeit about $11 billion .
She was key to the conviction of former FTX co-founder Samuel Bankman-Fried .
The judge called her "Kryptonite" because she was a "very strong person" and said she is not "free of culpability".
In a sentencing memo, Ellison was ordered to serve 24 months and forfeit $11 billion .
She pleaded guilty to seven felony counts, including wire fraud, commodities fraud, securities fraud, and money-laundering.
Her lawyers asked for no prison time, insisting that she had been punished enough.
Now, she's committed to helping anyone impacted by FTX 's collapse to reclaim their losses.
At trial, Ellison explained Bankman-Fried's "outsize appetite for risk, his desire for power and influence," Williams said.
She never once claimed that her power over her should excuse her crimes, Williams noted.
Ellison testified that she felt "indescribably bad" about the victims of the FTX fraud.
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