U.S. District Judge Lewis Kaplan acknowledged that Ellison was βgravely culpableβ in the fraud but also recognized her βremarkable cooperation,β which distinguished her from Bankman-Fried.
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Ellisonβs sentence was reduced due to her significant cooperation with the authorities, which was instrumental in securing Bankman-Fried’s conviction. Prosecutors recommended leniency because of her honest and full cooperation.
Ellison pleaded guilty to seven felony counts, including fraud and conspiracy.
Ellison faced a potential maximum sentence of 110 years in prison for her crimes.