Stealing other people’s money

Caroline Ellison (29) has been sentenced to two years in prison for her role in the collapse of the Cryptocurrency exchange FTX, which has been one of the biggest financial frauds in US history. Ellison is the ex-girlfriend of its founder, Sam Bankman-Fried who was sentenced to 25 years in prison for stealing more than $8bn ( £6.3bn) from customers. As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried. She was also ordered to forfeit more than $11bn ( £8.2bn) to the court and could pay more if she’s ordered … Continue reading Stealing other people’s money