TechFlow reports, according to Coindesk, that on the evening of September 11, lawyers for former Alameda Research CEO Caroline Ellison submitted a sentencing recommendation document to the court. Based on Ellison's level of cooperation in the FTX case, the filing recommends that she be sentenced to time served followed by supervised release. According to disclosures in the legal filing, a pre-sentencing report from the U.S. federal probation department recommends three years of supervised release for Ellison and does not recommend incarceration or fines.
This recommendation is primarily based on her "extraordinary cooperation with the government" and multiple character references submitted alongside the document. The sentencing memo also includes excerpts from Ellison’s personal diary, revealing her mental state, professional pressures, and personal challenges during her time at Alameda. Additionally, attorneys representing plaintiffs in a class-action lawsuit against former FTX executives confirmed that Ellison provided "significant assistance" in helping recover funds for FTX creditors. Robert Cleary, an independent examiner appointed by the court, also affirmed Ellison’s cooperative attitude.
Previous reporting indicated that the sentencing hearing for former Alameda CEO Caroline Ellison is scheduled for September 24. As a key aide to FTX founder Sam Bankman-Fried, Ellison testified as a crucial witness in Bankman-Fried’s criminal trial in 2023. Bankman-Fried was ultimately convicted by a jury on seven counts of fraud and conspiracy. Notably, Ellison pleaded guilty to fraud charges related to FTX operations shortly after FTX filed for bankruptcy in November 2022.
