Ellison is scheduled to begin her prison sentence in November, and she is expected to serve her time in a minimum-security facility.

Yes, during her sentencing hearing, Ellison expressed deep regret, saying that she thinks about the harm she caused every day and wished she had been brave enough to speak out sooner.

Caroline Ellison was sentenced to two years in prison for her involvement in the fraud.

U.S. District Judge Lewis Kaplan acknowledged that Ellison was “gravely culpable” in the fraud but also recognized her “remarkable cooperation,” which distinguished her from Bankman-Fried.